So you thought mere words couldn’t put a rocket under the EURO eh?
Well, 200 pips in a single 4hr candle would suggest otherwise. To put that into perspective, it’s the third candle of it’s kind in 2 yrs. That’s precisely what we witnessed yesterday as EURO Shuttle hit the afterburners after launching off the Daily Pivot. Not even a wave did it offer as it hurtled through our strong S/R level of 1.2174, on it’s way to the next galaxy, all but kissing our outer limit of 1.2334. Price Action did everything we asked of it pre-launch and we saw an opportunity to catch the flight, sending an A signal a couple of hours before lift off. Those who didn’t cancel the order would have received an early weekend bonus – happy days. Those who did as I, could but watch in awe.
As a result of EURO’s stellar performance in the past 48hrs, Daily Pivot has now crossed Weekly to the upside and Price Action has another force field dead ahead. Our eleven year old trend line is now back in the picture as well and should provide strong resistance when (as it is), combined with the bespoke 1.2334 level. Should these levels break and survive a re-test, EURO could be back in business, if not……..well, we’ve seen it all before!
The Day Ahead
My wife completed a five year grind today, her first degree now behind her. Must say I’m extremely proud of her and I believe a celebratory evening will ensue (Thank God it’s Friday!!!) Whatever your weekend holds in store for you, I trust it’s enjoyable, restful and full of love.
If you will allow my indulgence, the words of one of life’s luminaries seem befitting the moment:
“Occasionally in life there are those moments of unutterable fulfillment which cannot be completely explained by those symbols called words. Their meanings can only be articulated by the inaudible language of the heart.” Martin Luther King, Jr
Geoff Pyne | Certified SurfingThePips.com Trader
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