EUR/USD model hours

[Paul Koszarny]

Technically speaking it still looks like a consolidation before a break higher. Especially if this hour closes almost the same way as the previous one.

The problem is have we already had today's high. If yes, then we should be still short due to daily fractals. Wall Street should recover today.

[Paul Koszarny]

No reaction after 13:00 and the dollar moves steadily higher. So at the moment it seems EUR/USD will not make it any better this week. Targets again 1.0371.

Stocks indices broadly higher after a good start on Wall Street.

Look for the following model hour:

16:00

19:00 (sup 1.0438).

[Paul Koszarny]

16:00 was a local low 1.0466. Going long from there gave 35 pips at the next model hour 19:00 (high 1.0502).

EUR/USD retraced that way about 50% of the first wave 1.0538-1.0460.

[MoneyTec]

Paul while everyone enjoys your commentary there is no need to start a new thread for the same topic on the same day, Please only use one thread per topic per day in future postings.

Kind Regards

MoneyTec Team

[waka]

Hi Paul,

The nerve centre mass is the one it should be checked.

Cheers
high waka, just waka will do.

[Paul Koszarny]

Nerve mass or nerve gas whatever you like. People are looking for weapons of mass destruction. Forex guns and roses have not been inspected for that yet.