Love that upside down Santa. I agree, but is this just ST? I'm not expecting IT to turn until later next week but if it were to turn here, that's very ugly.
This is one of the weakest 'bullish euro cycles' that I've seen in awhile. Maybe it just needs more time but I'm not seeing the usual lift out of the bottom. If someone caught the exact bottom, you're up about 200 pips. Compare it to the previous cycle, at this point we were up over 550 pips in the eur/usd from the bottom. Just something I'm keeping a close eye on. Also, everyone says a rally into Christmas is a given. Well, that won't work out to well in my opinion.
Hey Pata!
ReplyDeleteLove that upside down Santa. I agree, but is this just ST? I'm not expecting IT to turn until later next week but if it were to turn here, that's very ugly.
This is one of the weakest 'bullish euro cycles' that I've seen in awhile. Maybe it just needs more time but I'm not seeing the usual lift out of the bottom. If someone caught the exact bottom, you're up about 200 pips. Compare it to the previous cycle, at this point we were up over 550 pips in the eur/usd from the bottom. Just something I'm keeping a close eye on. Also, everyone says a rally into Christmas is a given. Well, that won't work out to well in my opinion.