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There is nothing new. I think the chart does make it clear. Barbwire in a range with the risk of spikes.
My plan today:
Don't waste your time. Watch the market only if at the obvious levels and think about a trade at least twice.
Use that time gift to reread some lessons from Steenbarger's "The Daily Trading Coach"
The more I look at the Euro chart, the more I see weakness.
I would welcome the opportunity to trade the short side of a breakdown below the weekly low, and I think for starters the target would be the monthly low.
I agree. There is a divergence in my logic and what the market is doing right now too. But who cares?
The news are bearish. But on both sides EUR and USD.
I see the weakness more in what the EU is doing (or not doing) than in the chart.
The fact is that we will have a bigger move after the summit. Not so sure about direction.
That is the short term picture.
As you mentioned (in your next post) monthly low: When I look at daily and weekly charts, there I disagree with you. They do not look that bearish that we should go there. IMO this bigger picture goes to the upside.