MP -- great Easter, Summer Solstice and all the pagan holidays based on summer
June 21 is a great kinda day, celebrated by druids, celts, Wiccan, Norse, Jewish and every pagan or monotheistic religion known at this point, and picked up naturally by the Christians --- a season of rebirth and renewal and one (i believe anyway) that will lead to a topping of the Euro (theres really NOTHING to sustain it except trading momentum) and the long slide DOWN that it deserves vs the Dollar.
EDIT --- my apologies for calling the wrong pivot, which was fridays and not today --- it alters things because its no longer resistance, but rather support ---- apologies again, but i wanted to call todays trades and i simply was working with the wrong chart.
without the proper momentum, Im gonna have to change my predictions from "overnites" to "overnite/next day" trades
we certainly hit the downside prediction below although it beat me by 6 pips (lol -- i can deal with that) and we appear to be heading for the upside prediction thru friday (which of course had no one trading in the rest of the world) and should hit it by sunday evening trading, ALTHOUGH PIVOT AT 4556 may be strong support ----- IF WE BREAK PIVOT BY ANY DEGREE and, i would look for a DROP, perhaps to 4532 for tonite, BUT i can see dropping significantly further (4462) before we resume the definite uptrend
unfortunately, sitting just before the pivot is strong resistance at 4565 so those holding for the pivot may well find themselves holding for at least another day, or more ---- so WE HAVE TO BREAK 4565 and then break 4567 DECISEVELY to continue up, or form a dbl top when we finally hit the pivot, and go DOWN --- based on the resistance at 4565,
my bet is hitting the 65 and dropping to the 43 - 41 and then working its way down to the 32, then coming up to the pivot at 67 and THERE we find out the next bunch of fun ! (do it break it or do it say no, and go back down ?)
should we break 4503 significantly, one could easily imagine a retrace to 4395, but its a bit early to bet the farm on that one !
I will attempt to foresee what comes next and im getting feelings it should be DOWN, but FAR too early to analyze, unfortunately. Will publish around midnite (edst) as i see it.
enjoy and trade well
mp
KNOWLEDGE and EXPERIENCE are the handmaidens of the riches of forex, and i buy them roses every day, with many a thank you !
kay, last nite and this am were super so heres another climbing out on the limb
upside 90
downside 40
enjoy and trade well
mp