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Strategies & Market Trends : John Pitera's Market Laboratory
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roguedolphin
To: Slumdog who wrote (18636)1/30/2017 2:39:55 AM
From: John Pitera1 Recommendation   of 33421
 
10 minute EUR March Futures Chart

the currencies are crazy with the conflicting Trump initiatives....

the EUR hit resistance at the .764 retracement level and is selling off again.



Wondering if Schauble bitching about "do nothing Greeks" will get attention on the euro.

Germany's inflation spike while Draghi keeps buying bonds and the Greeks run out of money as they do nothing they promised to do (what" not new about that) spell a train wreck out there somewhere to me.

Crash that euro and go to .95 some where in 2017.

What does it cost to get a position and carry it for 6 months?

Good plan in my way of thinking.


an excellent question presented to me on Friday.

but EUR is vulnerable......... if by some small miracle we see the EUR get above 1.08 at which point the 1.10 level will be the idealized maximum entry for shorts as it is the daily 200 dma and the downtrend line on the daily basis.

JP
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