Draghi should be speaking tomorrow. However, I don't see anything on FF calendar. It should be a market mover speech.

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for those who missed this BBG article on technical analysis url

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it's 78.6% Fibo retracement of 2014 uptrend...100% retracement is high possibility at this stage. Why this is happening, I don't know. However, I am already long with a small position as I don't want to miss a potential bounce from here. I will add ...

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I am aware there could be more downside in the next few days. However, let's not forget what happens to a tired bear competing with a relaxed bull video

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It could be but being bank holiday in Germany and France, I tend not to take the market too seriously. Retracements for earlier moves happen frequently in these conditions. US session will tell more but I have the feeling they won't be too happy.

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it's bank holiday in Europe

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it's only the US economy deteriorating...not much...

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serious offers should be around 13660 and 13700....when one of the two main parties is absent usually it gets back to where it started by the close of the day. If it doesn't I would be preparing myself for a long ride.

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GDP data expected down...unemployment claims little changed, while the European mkts mostly enjoy holidays, that should leave the risk with the US...or with us depending on your positioning

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out of curiosity, who mentioned 1.37 in this thread apart from you?

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if you oversimplify...like I do when I take my chances, you are left with 2 basic options: 1) up 2) down...which serve me quite well...especially when everybody is suggesting zig-zag moves that are just not there

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I stick with the two aforementioned scenarios, as this supposed strong trend change is based on the near term scenario of a strong USD + rate hike in one year which I don't believe...not yet at least

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I have a small long from 13593 targeting 1.41...but there could be more downside I know...and by the look of it could be much more...however, upside could be much much more.

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this has been in freefall with no retracement for over a month, so the options could be two:1) we are going to 1.2 2) we are going to 1.5

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tomorrow is another good day for shorts in theory...it would be difficult to see any bull around in absence of a catalyst. Bearish trend has been respected loyally so far but I expect some bullishness to come back on Friday with Draghi speech. ...

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not really...a good one could only be based on stop losses data...some broker may actually build one

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I agree on GBP...but a lot of choppiness there as usual..

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