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Dollar hits its 23% fibonacci retracement ratio and creates a large bearish wick today and the Euro does the opposite.
These sizeable wicks today at resistance and support will most likely catch many currency traders attention!
The action of the Euro has my biggest attention per can it get back above support or will todays bullish wick run out of gas.
Biagio….no these wicks weren’t a sneaky flip of a chart on my part…I found the size of the wicks almost amazing yesterday….these were the biggest wicks in a long, long time! what a wild turn around in the currencies yesterday and look at the impact today!
Are you sure you didn’t do one of your sneaky flip that chart things here? All kidding aside I refer to your site at least a couple times per week. Thanks.
just a bunch of over reaction to fed talk…I think the new trend has already been set
Looks like the dollar index rallied as soon as this was posted. Will be interesting to see how it closes.
A lot of traders must have thought they had this one in the bag!Still think the most likely scenario is $US up.