Quote from JSSPMK:
Daily chart (line) points to selling pressure.
Quote from Lawrence Chan:
I know.
And targeting a new low at or below 1.41 makes perfect sense as that is only half the original leg running down. That also assumes a significant reverse or bounce from there because of divergence of various kinds will automatically show up there.
But the price raid in ES, its components, are now showing up in EURUSD at the same time ...
Something is not right.
Someone wanted the bottom at 1.43 zone NOW, and that is backed by huge $$$.