I don't mean to be a weisenheimer, but i think it is not that bad. According to Oanda exactly 73.5% of retail investors lose money with CFDs... Check the text in the blue window on top of this page url

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Again falling wedge landing on upward sloping trendline @1.1240, so I expect a breakout to the upside.

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Next FOMC is on 15/16 Dec. But of course the FED speakers today can also cause some volatility.

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Do you mean the move of the whole day. It was due to the news of a bipartisan fiscal proposal of about $1 trn in the US. I stay long - as usually since May... Target still 1.24-1.28 area.

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I think it is forming a falling wedge on M3, so I would reckon that it makes one more high slightly above 1.2060 before retreating to a correction.

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Yes I was just going to say if the day closed below 1.1964 it would look bearish as this level sits on the resistance line through the highs of 9-Nov and 21-Oct.

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If this inverted daily hammer stayed like this it would look quite ugly from a bullish perspective, in particular as the month end related USD selling is finished now. But let's see where it closes.

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The silence before it bursts through 1.20 like a cononball through rotten ship planks

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This sounds quite lolo. Can you show your formula again please? With those kind of massive direction changes you forecast, you must be a seer of Nostradamian dimensions.

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Why so shy with your numbers, this could cause the absolute monster squeeze.

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Not sure which numbers you see, but the virus is totally raging all over the US...

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Market is just collecting shorts in order to be able to push above 1.20 with more power. You know how it works...

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I think we are now in the third breakout since May and this should at least lead us to 1.24.

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Based on several medium-term trendlines I have the following next targets/resistance levels: 1.1998, 1.2024, 1.2044, 1.2064, 1.2084. Looks symmetric but all from different lines. The strongest of these is in my mind the 1.2064. Do you guys share any ...

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The potato is hot now, major breakout looming.

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But you already suspected that this source is broken, or have you changed your mind?

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Why should they all move equally against USD? No reason for this to be the case, other pairs can also fluctuate, implying different moves towards USD.

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As I said many times, end of month should be USD selling due to rehedges because of the good equity performance.

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Hey Ata, why do you draw this like a rising wedge? This would be bearish, but I think your upper line is quite speculative.

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I don‘t think so, end of month USD selling pressure could suffice.

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