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.

Tuesday, 24 December 2013

EURUSD: price at monthly FLD

The drop into 1.3624 last week, bounced right off the 20 day (monthly) FLD (gold line). Well, here we are again. Any breach will be recalled in due course, especially as the 1wk, 2 wk and monthly FLDs are all flat in their respective half cycle futures, but for now, a move down will suit my thesis and we could see some acceleration over the end of year.
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