Looking for a potential EUR bounce into an end of year USD seasonal selloff
End of wave 5? Waiting for some confirmation after this aggressive move.
A turn at channel resistance points back towards the 88.26 low.
Down trend resumes at channel resistance. Also watching USD strength.
The EUR/USD has reached a 100% Fibonacci ext near 1.1787. A bounce here may suggest a return to previous highs.
$BTCUSD has turned briefly at previous 1.27% extensions. A full .618% retracement of the current extension takes us just under $8000.
Talking Points • CAC40 trades marginally higher this morning • Trendline resistance is found at 4,650 • A trend resumption exposes lows at 4,805 The CAC40 (FRA40) Index is trading slightly higher on the day, up .85%. However, prices still remain capped underneath a developing bearish trendline. The trendline depicted above, has been drawn on a Heinkin Ashi...