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Trading Coach

SPECIAL: EUR$ ALERT

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We think that the US$ Rally is for real and that some will be surprised...

Our current expectation for the EUR$ is a test of the "Brexit" Base from summer of 2016 "around" 1.10 as shown in the chart below...

 

EUR$051818w.JPG

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Now for some shorter term projections...

Based on Daily Chart

S1  1.1650 (test imminent)

S2 1.1400

 

EUR$052318d.JPG

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EUR$ sliced through 1.165 as it "jumped the creek", hit a low of 1.1509 overnight and is bouncing to 1.1575 here...

We can expect a consolidation now back to the 1.165

1.14 next support...

NOTE ACCELERATED HOURLY VOLUME

 

eur$052918h.JPG

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On ‎5‎/‎29‎/‎2018 at 5:55 AM, Trading Coach said:

EUR$ sliced through 1.165 as it "jumped the creek", hit a low of 1.1509 overnight and is bouncing to 1.1575 here...

We can expect a consolidation now back to the 1.165

1.14 next support...

NOTE ACCELERATED HOURLY VOLUME

 

eur$052918h.JPG

Rallies to 1.1647 - Close enough for Fibonacci Work...

pulling back now to 1.1600

 

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FYI - EUR$ has BROKEN THE LOWS ON STRONGER VOLUME - WITH A PATTERN OF STRONGER VOLUME TO THE DOWNSIDE..

We are looking for

S1 - 1.145

S2 - 1.110

 

 

EUR$053118d.JPG

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So the EUR$ Rallied a little higher here into the 1.17s... sort of normal retracement...

Now as you may know there's another little problem - the European Banking System - Current problems characterized by the star ... DB

Made new all time lows in NY ADR yesterday, close to new all time low in European equivalent, DBK.

So there's more to do there...

big.chart?nosettings=1&symb=db&uf=0&type

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Here's a 4 hour VOLUME WEIGHTED ABC DOWN PROJECTION FOR THE EUR$

Target 1.1400

 

eur$060118 4hr.JPG

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So here's an update on that 4 hour chart... what we had was a retest of the last strongest volume high, that test came in on lighter volume at the price and then we had a price rejection with volume acceleration off the high... we're back in a sideways/down move here, and basically in a waiting mode here for F'eds and ECBs to make their moves...

 

eur$061218hr4.JPG

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So a quick update on the EUR$ - hits 1.1620 on sharp downleg - VOLUME OFF THE TOP on the 4 hour chart...

 

eur$0614184hr.JPG

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