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ECB, not BoE... Though GBP rates are important too of course, but not so much for EURUSD.

Yeah, exactly! :D As for bigger swings I doubt we'll see the real direction today... It's more likely to be defined tomorrow after BoE rates announcement...

Was writing about that channel in the time you have posted it... :D

Hourly channel up is broken down. Now we expect either test from below and further selloff or return to it and break of hourly down channel (smaller) in the case of fakeout.

Squared @ 81 for 4% profit.

Short @ 501.

We're sitting on important hourly TL again... Very interesting where it's going now...

It's impossible to read whole spot FX volume directly. But with a little of experience you can pretty well read by PA when volume is low and when is high... Also there is another way possible - extrapolating currency futures volume to spot FX. But I don't use this method as redundant. Just...

Morning all!

Missed an excellent long in the area of 90. Wasn't confident enough in my read of PA.

Longed @ 86 and squared @ 501 for 4% profit.

Stopped out @ b/e.

Shorted @ 71.

Yea we've bounced off an hourly TL, but if there is another attack I'll be almost sure it goes lower then...

Hourly gameplan so far developing as expected... We'll see where it goes further...

Always same problem... I get out way too fast... :(

cv, Bigger hourly channel is indeed up, but it almost reached it's upper TL and have broken down from traverse TL...

Stopped out for 2% profit.

Shorted @ 16.

Tom, Unfortunately I am not very familiar with fans (both Fib and Gann) so can't advice on that... My bigger picture view now is ambivalent. We have broken down from hourly TL, thats bearish for sure. But still need a confirmation before I can say if we move down or there can be more...