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dollar index
the dollar index did a bounce from its monday's low...we may still have some dollar strength for awhile...even though all indicators still scream oversold, buying the eurusd now isnt so wise....
stop out 2457 tp1 25p, tp2 22p, later week no. 2454 was signal sell----2430 tp 24p
later week no. 2432, 2435, 2454, was signal buy---
stop out 5480 tp1 50p, tp2 45p later week no. 5390(+-6-9p)enter 5381 sell---- 5345 tp 36p
later 5342(+-6-9p)enter 5351, 5390, 5395, 5402,signal buy ------
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As expected : rate was already priced in. Now let see what will the ECB "super minds" tell (one more "statement" )
As expected : rate was already priced in. Now let see what will the ECB "super minds" tell (one more "statement" )
Sorry, can't resist to post
best week signals
later week no. 2432, 2435, 2454, was signal buy---
stop out 2500 tp1 68p, tp2 65p, tp3 46p., later week no. 2454 was signal sell---2443 tp 11p, later 2454 was signal buy---
best week signals
later 5342(+-6-9p)enter 5351, 5390, 5395, 5402,signal buy ------
stop out 5505 tp1 154p, tp2 115p, tp3 110p, tp4 103p !!!!!!!!!!! big nice green p
stop out 2500 tp1 68p, tp2 65p, tp3 46p., later week no. 2454 was signal sell---2443 tp 11p, later 2454 was signal buy---
tp waitting !!
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Statement of the day yesterday was the following : "Draghi Says ECB is Ready to Act as Growth Outlook Worsens". The part saying "ECB is Ready to Act" caused the retrace, but do not forget the other part as important as the one that everybody seems to have been waited for, the part saying "as Growth Outlook Worsens".
As usual, what we have been told is that nothing is over ... yet ...
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Interesting (the part in the red rectangle ) :