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 2 May 2014

$EURUSD

Price continues to meander downwards, either in a retracement of the prior clean wave up, or as part of something bigger. Yesterday's daily pivot at 1.3836 was not reached but remains my target for this morning. This zone also holds the weekly and monthly pivots, which feels like a sensible resting place before NFP. I'll be out of all shorts there if it can reach down for me, as the daily pivot range will already be extended prior to the UK Bank holiday.
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