It could be reversal support because it is .382 fib level on chart.

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US bama campaign media demonized Rominee for having wealth, and his cuts to make business survive. The countries with the worst debt to GDP in eurozone, and unemployment, demonize the germans and their gov't for having better fiscal policies ...

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Daily/Weekly Pivots are working fine. "A Chart is worth a 1000 pips."

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if 1.2755 holds still looking for 1.2640 = 139 pips,leg of 1st drop from 1.2877

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Event Risk: 7:45 EUR Minimum Bid Rate Moved SL to BE+1 TP1 on half @1.2725 Correction looming and 1.2755 and 1.2781 vulnerable

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Oops i forget, I have charts set to EST, not GMT. ITs actually 8 nov. So previous day low needs to be broken.

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Yes, Day low is 1.2735. After that it should move out smartly. If not, PA will probably wait till London to decide.

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Nah, i think you misunderstood me. recent CYCLE bottom was 1.2041, lets leave it at that.

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Im heavy short.

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its still a show, a make instead of a break. if supported then we continue bullish trend now. thats big showtime

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Ok. Cycle reversal calls can only be discredited 1 way. The PA needs to exceed the previous low or high. So we need to see 1.19 to call it bearish continuation.

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Its showtime....make or break. video

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So from that chart we cycle bottomed in July 2012 and are in a bullish wave 1,correcting in wave 2?

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Your chart is not in the right cycle. You have it in a down cycle. My perspective and fibs contend with a cycle reversal at 1.20 area in july 2012. That would make any PA since then Bullish.

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possibility sure. it wouldnt surprise me. But .618 holds value and will not fall easily.

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.382 will break. PA will at least provide a fake out to 1.2700 then correct and retest some upper zones, but i think more shorts will push this thing hard once done.

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.382 is no joke either, but .618 is better buy for longer term, and it doesnt negate bullish bias for a move to 1.34 down the road.

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Longer Time Frame Fibs .618 Target.

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Im looking at 1.245/1.2500 area for reversal. There will be ABC corrections along the way but talking about prints towards 1.3000 again after 1.2500 support is confirmed. I will pull up chart with fibo if wanted.

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nasty lil 1.2755. It stopped there again Noted for future trades.

Trading EURUSD only