AlpacaBlack

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