Price exhaustion, divergence, 61.8%.... good enough for me to go short.
RED lines - from Monthly chart support / resistance areas PURPLE lines - from Daily chart supp/res GREEN lines - from 60m chart This is just Price Action analysis...
After Spain credit rating downgraded at the very last minutes of NY session, NY reacted on down side. Sydney continued in the same fashion. Tokyo opening made new lows but not with a great strength. London open brings the price cheap to investors and since this morning we are rallying. In the mean time USA jobless claims comes out positive but EUR rallys. This...