EURObull

EURObull

Targeting 128.50, as we should encounter some good resistance up there. Still looking for 132+ if market continues behaving well (enough divergence already!).

EURObull

This is what happens when there are too many longs. The market is designed to inflict the most pain to the most people it possibly can. This is why this sloppy down move keeps taking place. Note the strong divergence still present in CCI. Be patient. Some news event will "drive" this in the true direction. Enjoy today!

EURObull

Now that anyone long with stops has either been chased out, flushed out, or stopped out, be on the lookout for market to regain buying strength in this area. Targeting 132+.

EURObull

Everybody talking about being long and entering long yestereday upset the Big Boys. There is no technical merit to this move, they are just trying to desperately shake off weak longs. Watch for an unexpected run up either sometime today or a gap up for a nice Sunday open surprise. Check out our twitter page for a hilarious pic of what they looked like...

EURObull

Watch this very important price level. Now that long stops have been cleared, we should see buyers step in here for projected longs to 131.50...that is over 300 pips from here! If we do not get a surge in buying, hold off on longs until we see decent buying volume. Thursdays and Thursday evenings rolling into Fridays are notorious for massive moves. Enjoy Today!