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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Slumdog who wrote (18832)	3/17/2017 1:26:50 PM
From: John Pitera	1 Recommendation Recommended By ggersh Read Replies (1) \| Respond to of 33421

Hi Slum, that is an interesting technical study that you have at the bottom of your chart what is it and what are the parameters. I was long the EUR/JPY cross... yesterday.. The Eur has been showing pretty strong performance on thwe 60 minute chart notice how the 1.618 of the 1 fractal is mathematically related and is clustering with the second impulse fractal that occurred on March 9th.... the 100% of the initial fractal advance on 3/9/17 is the same as the 1.618 distance generated from the first fractal advance on March 2 - 3 the daily chart of the EUR is showing some descent price action as it's above it's Bollinger band the past few days The 3 year EUR chart show how relatively small the range has been the past 2 years in the EUR. The Eur has lots of green bullish elder impulse bars recently and has been getting support from the 50 dma, the 200 dma is up at 1.09 definite resistance. G 20 meeting this weekend. Updated March 13, 2017 5:21 p.m. ET 0 COMMENTS WASHINGTON—U.S. Treasury Secretary Steven Mnuchin will push the world’s top economies to abide by existing exchange-rate agreements and promote “open and fair” trade at a coming meeting of finance chiefs this week, a senior Trump administration official said Monday. But the senior U.S. Treasury official, in a briefing ahead of *a two-day Group-of-20 meeting starting Friday, stopped short of committing to past G-20 vows to “reject protectionism.”* “We’re committed to open and fair trade and that means a trading system that has a level playing field for our firms and our workers globally,” the official said. The comments highlight two of the major points of contention within the group of 20 nations, which acts as an executive board for the global economy. Amid Trump administration threats to ramp up tariffs, sanction trade partners for perceived currency violations and a general disdain for multilateral organizations, many G-20 countries are worried Washington may be about to start a trade war John