EURUSD 7.55am

D4 hit and 85.4% fibfan target too. So, does price push on to D5 or retrace first? The SMI cluster suggests the latter, but I thought that on Wednesday! Therefore mixed feelings this morning. I am obviously really pleased with how the 'D' lines have worked and continue to provide entries and target zones. Not quite so enamoured with my trading of them the last two days. Having said that, I still like the concept that rolling down the underside of D4 provides the best outcome right now as the monthly My-wave is still turned to the downside and would normally require a backtest at the very least and D6 is still looking unloved to me. Going long requires SMIs to be oversold, a higher low than 1.2659 bouncing off a lower 'D' line and the weekly My-Wave to stay in tact; D3 is my favourite for now. So far, the market is not playing ball with my wish list but anyone chasing this bus now up hill may get a kicking.