Due to the major shift yesterday, my daily bias is to be bearish . I pulled fibs across a few situations and entered on each three of those situations shown and 3 different take profits for all 3. I’ve entered at 1.17724, 1.17635, and 1.17543. First Goal is 1.17250, Second is 1.17075, Third is the 1.16860. These are the 0. -.27%, and -.62% extensions. If it makes it to -1.0% at 1.16615 that would be great. 1.1800 is serving as a major resistance. And when overlaying bond yields, the German yield (conducive of the Euro ), it steadily declined during the hours of 6 a.m. and 8 a.m. (CST U.S.). However since 8 a.m., they’ve both shifted toward more positive yields and the German yield is a bit more aggressive, so that is a little worrisome.

I could be completely wrong. We may need a higher retracement before we start seeing the seasonality of the fall of the EU. I’m just hoping it’s sooner than later. Side note, I’m in the positive on my last position I took. Crossing my fingersi it stays that way.



more…

READ  Sniper Entry on EURUSD. for OANDA:EURUSD by georgeaddomahoney