EURUSD short pants were today morning (on Twitter @ JamieSaettele) finished at 12335. This does not mean that I am no longer bearish over the longer term. It only means that reward/risk is no longer oversized down my view. There are certain fixed use a movement about news policies that I have come to respect and such a guideline is to your favor, especially after an extended move. A decrease of 2.5% in 5 days qualifies as an advanced move. In fact, this 5-day decline is the largest since 2/29-3/6. The EURUSD rallied strongly for the next 2 days before weakness resumed. At this time my focus on return is on the short side as close as possible (12150 still of interest, if we can return to the short side) 12400. Also, it seems that the volume spike further AUDUSD called top.
"The market (S)" risk "aka." SNAPSHOT - 60 minute closes
Prepared by Jamie Saettele, CMT
EURUSD - daily bars
Prepared by Jamie Saettele, CMT
EURUSD - 60 minute bars
"The market (S)" risk "aka." SNAPSHOT - 60 minute closes
Prepared by Jamie Saettele, CMTEURUSD - daily bars
Prepared by Jamie Saettele, CMTEURUSD - 60 minute bars
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