Hell of a week

21 Jan 2018

This is my point of view. My TA shows me that this should retrace and should fall to the levels 1.213xx which is in the middle of 23.6 and 38.2 level of Fibbo followed by the AB=CD pattern. After the correction, on the long term, we should attack the 1.24x level. Also, I am finding a support on the levels of 1.213xx on MA. But, nowadays we sould see the effect of German politics finding agreement and US government shutdown. I am expecting some gap up and will wait to see what will Draghi had to say and will he want to drag EUR down. I am not forecasting any price and movement until I get a clear signal form fundamentals and news. My moves will be up for the start of the week and then down after Mario finishes his work.