Hi Gang,

I have a turn coming up in time for the EURUSD, but please be aware that a day late or early is more than possible. Two levels that are looking interesting are 1.51490 and 1.52398.

When you are right on the price, the market should collapse within 20-30 pips. If it sits and doodles about, it could be the next level up. You don’t need to set big stops, you just have to know when to sell and when to buy. Tommorrow is non farm payroll, certainly we have the chance to see some action there. If you are long the Euro, be aware that there might be a ceiling above you.

Failure of the EUR to close above 1.51490 and a decline below 1.48255 would be a good signal to get short on a retrace up for me.

Best Regards,

Mike Haran