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, 4 February 2014

EURUSD

The bounce out of the 6th 10 day low (and simultaneously the 3rd 20day low - see gold band in sub-chart) appears to be again, on time. The next 20 day resistance point is the pink line adjoining the peaks of the gold MA at 1.3655. However, as this is a 20day low, with the next 40 & 80 day low not due until the beginning of March, I am looking for a move straight to the 80day resistance line at 1.3750 (blue dotted). Now, I can want all I want, but the market does not have to play ball. However, so far so good.
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