Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Friday, 13 December 2013

EURUSD: postive reaction off monthly pivot

Almost immediate bullish reaction off 1.3710 monthly pivot R1,  just below the 162x of proposed 'a' of expanding flat. Price needs to get above the daily pivot, which also happens to be the weekly pivot R1 as well, to get anything uphill sticking and then that 1.3831 high is in reach. However, with all the daily, weekly and monthly R2's at that same place, it is going to be interesting to see how matters progress if we do get there. Firstly, the daily pivot, if the fall has finished!

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