EUR.USD Daily Short then Long. 13 CCI divergence, fib targets

CCI divergence favors some move down in price. 38.2% retracement of upmove Nov 11 - Dec 3-4 is at ~~ 1.201, which may be a good first target. But if price demands also want a small wave 5 up, where small wave 1 began early Nov., and if little w5 up is at least as big as w1, another good target could be ~~~ 1.24 (fib > 224%) or a fib 314% target ~~ 1.26

Political and monetary decisions this week should reduce uncertainty but we'll have to stay current reading our charts. Posted chart is what looks OK now, so I have nimble short EU in preparation for a possible later move to new highs for 2020

Komentar:

Until the red 100CCI goes below +100, there won't be much downmove