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.

Wednesday 9 July 2014

#Eurusd $eurusd #Trading

Price has retraced 50% of the move up and could be all that is needed for a push higher. Note the orange channel above, that held the initial thrust up: this is the weekly regression channel. It is still in the same position, with little time decay, so any immediate thrust is likely to get caught in treacle - therefore the monthly median above at 1.3650 might be enough to take a rest again, if it can make it past this morning's high.
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