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, 17 December 2013

EURUSD

Expanding flat? The short term chart seems to be showing a 5 wave structure without much momentum into this low today, which could be the 'c' of a 'b'. Given the propensity for this pair to take out stops at tops and bottoms, perhaps this is the pattern over Christmas. So, look out for a marginal new high above 1.3810 and then a marginal new low below 1.3708.
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