AlpacaBlack

AlpacaBlack

Still very lazy trading ahead of september. Technically this all about 1.1744 lvl and still works as good resistance. Some consolidation atm with attempts to go higher? but hard to imagine also that too far.

AlpacaBlack

Well Draghi always hate eur seems as a currency, but after yesterday one way ticket to the south we can try to indentify lvl where it is more or less ineresting to sell not to be the last fool who pay for all this. Broken uptrend chanell on 4hTF looks like as the best target for bulls and nearly ideal setup to go short from 1.1686-1.1731. Only daily close above...

AlpacaBlack

Nice action... Any eurbulls still around?

AlpacaBlack

What to describe here... Still in uptrend channel, but need to go futher above 1.1837 not to lost momentum. Loose of 1.1774 will be crucial for uptrend.

AlpacaBlack

Any violation of 1.1728 to the downside deny bullish story...

AlpacaBlack

Please apply your own plan in any case.

AlpacaBlack

Friday sharp break under 1.1646 was clearly a trap and s/l hunting story. Above 1.1717 eurbulls shud try futher upside theme with first minor resistance at 1.1793 followed by 1.1821 and 1.1849

AlpacaBlack

This last tick under 1.1646 seems like a trap...

AlpacaBlack

China shows some support to eur as a currency for reserves so we have some minor bounce from deep sea water. Key level i m h o 1.1747, close on hourly tf above shud lead to a some correction, which can be a little bit sharp due to only 1.1826 is the first resistance. Untill we stay under 1.1747 market is bearish with first target at yesterday lows. Some bears...

AlpacaBlack

Still very bearish model, eur trying to climb higher before next fall. Idealy bulls tech target is around 1.19 lvl. I can not update previous posts due some reason, mb need to buy some premuim plan to paste gp as others. Do not know frankly. Anyway still prefer to hold core short.

AlpacaBlack

MT lvl at 1.1719 save the bulls first time, can it show the same support at second? hard to say... A lot of resistance lvl's before main at 1.1910 and the huge problem for any correction is a large specs eur long nearly 18 bln. Seems market seriously split about targets - one part 1.35 ag 0.98 other. Do not choose side. Follow the lines.

AlpacaBlack

Friday time and sentiment can change to close some shorts before w/e. US10y seems also tired a bit. Gives a chance for some north.

AlpacaBlack

Valid until eur holds previous low or double bottom formation

AlpacaBlack Updated 

Valid until eur holds previous low or double bottom formation