€$....

More to come still on the downside ?...this still looks weak and we are in the same situation as before this nice move down -ranging around. Will we return back up to the black CL? ( E-signal)- yes, i am sure sooner or later and when we get a serious upward retracement after this weeks slide (maybe tomorrow/Friday?) i am sure it will be impressive and will offer opportunities and remember the USDX will need to have a RT from its achievement of getting to its CL, but i think i am seeing a subtle change here and the chances of returning to above 1.40 is looking slimmer and slimmer and I expect pressure to be maintained on the Euro. The fib ratios are playing out nicely (i do not use them as a trade entry tool) but it is important to note we are at the .382 fib RT level from the move up from 1.26 area in mid September to the recent high at 1.4282- so i always watch these levels in any TF (mainly the .618 Fib RT/ not extensions) for some associated price action.