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.

Thursday, 2 January 2014

EURUSD

Not particularly bullish off that earlier support line. I have overlaid a square root progression grid at 5.625 degrees from the Christmas spike high, on an 8hr bolly band (2.-2.5sd). Looks like 1.3600 might be a possible target from here if moves on down again. For sure, the hourly trend bands are bearish for now, so following price downhill till a bottom sticks but first a test of that1.3628 low today.

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