CME Euro FX Futures 6E


Red, sorry ,i was already asleep when you posted!.. I haven't had much time to look at it, but the daily chart indicates 1.3826 coming. Cycles are not very clear.... here's a real short term peak (10 min chart).. id be buying anywhere around the lower prc band...
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1116
Here is the look coming into the announcement from ECB. Hovering over yesterdays pit session low.


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eurovwap05052011
I think the press conference is where the fireworks will be .. if there are any ...
1.4701 is a 50% retrace of range
Originally posted by redsixspeed

1.4701 is a 50% retrace of range

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was that short covering there
I think today's close is going to be awfully important for the intermediate trend.



Originally posted by redsixspeed

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was that short covering there

trying to lift off the 61.8% retrace of range ..
30 min projection down.


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eu3005052011
Originally posted by redsixspeed

Originally posted by redsixspeed

1.4701 is a 50% retrace of range

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was that short covering there


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backing off that 1.4701
at this rate the volume will be bigger than it was yesterday
Originally posted by redsixspeed

Originally posted by redsixspeed

one min. bar showing accumulation

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distribution *

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That one min. candle was very telling ..
At $85 billion/month, it cost Bernanke a little over $1 million for each job created last month. Well done, professor. -Tim Knight