EURAUD POSSIABLE 3RD WAVE UP

                              EURAUD CHART 4 HRS

PRICEs ARE @ THE MEDIAN Poseidon Lone and above the 200DMA on the hrly good place to place stop  1.3699 for a low risk high Reward play

gbpusd1hrly push

57% chance of a 3rd wave up Targets 1.610 and 1.6150

Faling Wedge

Falling Wedge indicated by dotted red line

EURCHFDaily,240,Commentary to follow

Eurchf Long term count Upwards

Above is Elwave count Up

----------------------------------------------------------------------------

240 alternative Break of poseidon trend line down

240 alternative count down

CONCLUSION

Trend value reflects a short-term sideways price movement which developed as the price approached the strong support level at 1.2800. This reversed the preceding down trend and formed the first connecting point for the lower support line of this chart pattern. The price has just reversed down from the combined resistance level. This level is made up of the upper resistance line, the round price level 1.3000, as well as the 38,2 % Fibonacci Retracement of the preceding down impulse. The pair is expected to fall further in coming sessions.

HOWEVER  ALTERNATIVE VIEW

Eurchf is up  above the 100 day moving average  prices presently @ 1.2892 which is back within the wedge can count five waves up ending at 1.31 then an A=1.31 B=1.28 the a possible c target at 1.3319.

However i can see the alternative count down if prices fail to break above the middle Bbands 1.2908 on the 240 chart. However i do believe that the short term prices target are to the down side and prices may travel back to the edge of the wedge near the 1.27 area. the long term c target will be invalid if  1.2779 is taken out

twitter Timeless77

Timelesstrading.blogspot.com

 

GBPUSD holding BB and Warning line possable ABC Up

GBPUSD hold BB and warning line possable ABC Up
to 1.6002 the extend to 1.6141 but this depends on the us GDP news and dolla index below

@77.89 as a write this

we need some could news to come out as USDX is under pressure

GBP 4hr Chart & Eurusd still Battling

EURUSD CHARTS

No change in EUR/USDs outlook. Upside moment remains a bit unconvincing. But still, with 1.3539 minor support intact, intraday bias remains cautiously on the upside

and ABC=D Harmonic coming in at 1.375 and 1.3850

looking for weakness around these Prices

I also have a 4hr Elwave count where we can clearly count 5 waves ending @ 1.370 @ 1.3850 sell zone which is also the harmonic D Sell zone 

A break of Poseidon Warning line signalling possible weakness, but we will remain caution and Waite for a retest of the back of the Trend line which should bring us into ending of the 5th wave sell zone. Break below 1.360 will confirm 5th wave count where we can begin to count 5 waves down and look for sell set ups

EURUSD Presently neutral however prices are on the positive side of the Bollinger Bands and midway of the Andrew pitch Fork(Poseidon)on the higher time frame.However prices have Halted at the falling trend line and presently bouncing in this wedged area.

With the Fed's monetary meeting proving to be disappointing with a dovish tone attached the Bull's maybe able to sustain these levels for another push into the Harmonic Sell Zone.

GBPUSD 4HRS

Sterling pared some of the post-GDP losses today after BoE minutes revealed that an additional member voted for a rate hike in January. Andrew Sentance called for gradual removal of policy accommodations since last June. This time, Sentance was joined by Martin Weale and both considered that "the continued elevated rate of inflation, which was forecast to persist, posed a significant risk to inflation expectations and hence to the medium term outlook for inflation." Meanwhile, for some of the other seven members who voted to leave rates unchanged, the decisive was "finely balanced". Nevertheless, some members feared that a rate hike in January would "case expectations of a relatively sharp tightening of monetary policy" and have a "detrimental impact on confidence and activity. Meanwhile, Adam Posen once again voted for expanding the asset purchase program by another GBP 50b.

With above news from FX360 

I've believe there are a number of levels that the £/$ could test

1.5933

1.5984

We also have an Elwave count 

WXY the a minor ABC ending at 1.5750 signifying the start of wave 1 the up in 2 which could end at 

1.5933 of the 100% or the 127% extension from the ABC we also have a breach of poseidon and a retest of the back of the trend line and test of the middle Bollinger bands

i suspect we could see a brisk rally on the back of the above news  a test of the highs of the  recent drop and the falling trend line around 1.5933 and 1.5984

US Dolla index chart USDX

AUDCAD As stated on the 24th

                                           After as predicted if prices fail we we see a rise

Crude Oil and Gold Clues for the AUDCAD PLAY

Commodities – Energy

Crude Oil (WTI) - $89.41 // $0.30 // 0.34%

Commentary: Crude oil is up modestly to kick off the new week, with WTI just above $89 and Brent sitting near 27-month highs at $98. We continue to see most light, sweet crude oil benchmarks fluctuate just under $100 as inventories draw down and markets digest the 3mmbbl/d+ demand growth from the second half of 2010. Clearly, that pace of growth has to slowdown before we can see a pause in prices.

Economic data for today consists of manufacturing and services PMI from France, Germany, and the Euro-Zone broadly.

Technical Outlook: Prices found interim support above the $88.00 figure, rebounding to retest support-turned-resistance at the bottom of a bearish Rising Wedge chart formation carved out from early November (now at $90.36). The nascent downtrend now looks set to resume, with a break below the $87.33-$88.00 region initially exposing $86.32.

Commodities – Metals

Gold Tries to Regain its Footing

Gold - $1351.25 // $8.57 // 0.64%

Commentary: Gold tumbled through some key technical support last week as prices began to catch up to a notable decline in ETF holdings. This downtrend may continue as investors and traders continue to lock in the significant gains from last year, but keep in mind that in the bigger picture, gold remains well-bid and in a bull market. Indeed, on Friday there was a huge 600,000 troy ounce increase in ETF holdings, which erased one third of the prior decline, reinforcing that there is a lot of capital looking to enter the metal on any meaningful correction in prices.

Technical Outlook: Prices found interim support at a downward-sloping internal trend line after taking out a rising trend line set from late October. A corrective upswing from here targets $1361.39, while trend line support now stands at $1335.34.

FROM DailyFX

Updated AUDCAD

As we can see AUDCAD has rebounded above the poisedon Warning line testing the Middle Bands @ 0.98730 as i write this

0.97016 -0.99097 back dwn to 0.97468= wave 2  giving a projection of the 61.8% and the miiddle bollinger bands

as i stated earlier the orginal course is up  from a weekly prospective where prices are holding the 0.9807 weekly Pivot point support wave 2 heading up into a wave three from a weeekly view. The Other Scenario is the sell short in anticipation of a possable break dwn wards out of poseidon from the ABCD sell if certain price breaks where met.

News expected from the AUD is

The CB Leading Indicators Index measures overall economic health by combining 8 indicators such as building permits, new orders, money supply, average workweek.
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

and the CPI later on this evening

18.00 and 19.30 GMT.

AUDCAD PLAY

AUDCAD weekly chart

We have a main course which is being followed by Prices we can count a 5 wave up and a 3 wave correction

1 then 2 and followed by a possible wave 3 up to to the 1st target of 1.0322 and beyond if 2 holds 

Support 0.9850 and then 0.9704 exit weekly long.

However since prices have touched the median line and thus  dropped off and may be on a corrective course out of Poseidon Poseidon staff is otherwise know as 'Anderws Pitch fork'.  The Second P.staff has been depicted by the second internal P.staff pointing dwn and on a new course down. However, Price are currently sitting on 0,9850 support so until 0.9860 and finally 0.9704 is broken which should be outside Poseidon the view is still up.  Target for Long term AUDCAD if correction stops at Wave 2 at 0.9850 support then 1.0332  is the next Target up and beyond.

Daily AUDCAD

Our sincere thoughts go out to the people effected in Australia With the current flood events the size of France and Germany and then improved retails sales in Canada, the dwn ward slid has continued. 

A butterfly Sell @ 0.9999 has caused Prices to head to the down outside and heading for a possible breach of the Poseidon warning line. I originally thought Prices would stop at the 4 wave but as we all know wave 4 should not proceeded into wave 1 on the daily which has happened with a 8 day confirmed cross over and prices well into the bottom half of the BBands. There fore this count is cancelled.We will watch to see if this Warning line will be breached confirming the 3d wave decline.

AUDCAD 240 chart

If you look closely we have mapped a course in both direction with a  1,2,3 Elwave count  to the dwn side and a Harmonized buttefly sell to the dwn side once again if Prices break  Poseidon, 3rd wave down will be confirmed to 1st target of 0.9750 and then 78.6%  2nd target of  0.960 strong support which then also could extend to 100% expansion 0.950. This is will only take place if prices break the alternative Poseidon median line course to the Down Side marked by the circle. Remember there is strong support @ 9750 50% Retracement and December X Low and the edge of Poseidon heading to the long term up side on the higher time frames. however we need to Waite and see how oil and events develop in both countries. 

Currently we are short from 0.9897 

a little news from Kathy to support Technical's

The big release from North America this morning was the Canadian retail sales report which showed consumers spending voraciously in the month of November. Retail sales rose 1.3 percent, the strongest pace since March while spending on everything outside of autos rose 1.0 percent. Although the Bank of Canada predicted that consumer spending will slow in 2011 due to high levels of debt, the strength of the labor market has made consumers more willing to spend. As long as jobs continue to be created at a healthy pace, it will lend support to the retail sector but we cannot ignore the fact that the November report includes holiday shopping sales. What was most encouraging about the consumer spending report was the fact that sales volume which is not impact by prices also rose 1.3 percent. Knowing the Bank of Canada, they will most likely interpret the data with caution. They have been more concerned about the strength of the Canadian dollar and the impact that it would have on exports than on the domestic economy. Unless retail sales prints above 1.0 percent for another 2 to 3 months, they will err on the side of caution and wait for the USD/CAD exchange rate to move comfortably above parity because raising interest rates again. 

Abraham: THE LAW OF ATTRACTION - Part 1 of 5 - Esther & Jerry Hicks

~Abraham-Hicks~Setting Your Vibrational Tone

~Abraham-Hicks~68 Seconds of Pure Thought

Russia and China

The EUR/USD was up more than 70 points in early morning European trade after a report by Spanish paper El Pais suggested that Russia may consider buying Spanish bonds.  Russia Deputy Prime Minister Alexander Zhukov stated that, “"The success of Spain's recent debt issue has demonstrated confidence in its economy's growth and that has not gone unnoticed in Russia."

Mr. Zhukov’s comments came during a visit by Spanish foreign minister to Moscow and suggest that Russia may join China in helping to stabilize the euro which has been battered by sovereign debt concerns.  Although Russian foreign exchange reserves are a fraction of China’s, the country has generated  a significant surplus  of nearly half a trillion dollars that is presently being boosted by rising energy prices. Therefore much like China,  Russia is in a strong position  to utilize that surplus to diversify its holdings into euro denominated debt. 

The comments by Mr. Zhukov clearly carried a political as well as an economic overtone, as Russia just like China is loathe to see the euro lose its stature as a viable reserve currency alternative to the dollar. Neither the Russians nor the Chinese wish to see the return of dollar hegemony in the currency markets and today’s statements are a clear sign that troubled European peripheral economies may receive support from outside the Eurozone.

Whether Mr. Zhukov comments will have any long lasting impact on the currency market remains to be seen. Today’s conclusion of the EcoFin meeting is unlikely to result in any immediate progress on the EFSF front, with members unwilling to consider adding more capital to the fund until the next meeting in March. Nevertheless, Mr. Zhukov’s comments were a welcome vote of confidence for euro bulls and forced yet another short covering rally in the pair at open of today’s trade. The EUR/USD still faces massive resistance at the 1.3450 level, but if sentiment in the EZ credit markets continues to improve as result of today’s comments the pair could make another run at that key level later in the day.

FX360

Thoughts from the Trading Floor by Futex

Thoughts from the Trading Floor
	From a technical perspective, German Bunds saw bears take control and overpower weak buying pressure, snapping through support at 125.05 before eventually bouncing off 124.36. Bears will be waiting for a renewed assault on the 124.36 and will look to test 123.76. The medium to long-term trend is still in their favour and selling momentum has picked up. Bulls will fiercely defend the low stamp of 124.27 over the next few days; this level will be vital in halting the current bearish pressure. Bulls will hope to reject the current lower prices and will aim to recapture the 125.50 handle to establish their presence. If buyers are able claw back losses this week, they will look to 126.54 as a key reference point. Thursday’s ECB press conference produced a hawkish tone from Trichet with him expressing concern regarding short-term inflation pressures. Bond markets sold-off aggressively after the statement, as the market readjusted interest rate expectations from the ECB. It was interesting to note that the ECB’s own Orphanides said investors might have gone too far in pricing in higher interest rates and that markets ‘overreacted to the underlying message’. On the supply front, Spain has a high level of issuance in 2011 and wants to secure as much funding as soon as possible this month. Today’s Spanish bond auction will now be a syndicated sale, replacing two auctions of bonds due in 2020 and 2024 that were scheduled for January 20th. Many in the market feel this sudden decision to issue a lot of Spanish debt is very opportunistic given the previous successful auctions from Spain and Portugal this month. A poor Spanish auction, as a result of them ‘jumping the gun’ by issuing extra debt earlier than expected this month, will lead to some sound trading opportunities. by Futex Important events this week. • Tuesday: Zew Survey (GE), Citigroup & Apple earnings • Wednesday: US Housing Starts, Goldman Sachs earnings • Thursday: Phili Fed, MS earnings • Friday: Retail Sales (UK), IFO (GE), GE earnings

Abraham Hicks - About The Year 2012

Abraham-Hicks - Create positive expectations

Abraham-Hicks ~ Feels sweet when he gets it

Commentary by Roger Stojsic

A choppy start to the week so far for the NZD/USD as the pair has been caught in 100 pip range between .7650-.7550. Having recently dipped below 50% daily support near 7575, there may yet be a bit of room down to 61.8% fib support near .7520. An emerging bearish Gartley pattern on the 30min chart is projected to complete at 78.6% XA and 161.8% BC resistance near the top of this range, and points a solid sell opportunity if price manage to rally to .7626 while staying above point C near .7575. If so, a .7659 stop will be placed beyond the 161.8% ABCD extension as well as recently established resistance. The .7528 target sits just above 61.8% daily support.
FX360.COM

New Zealand Business Morale Rises; Challenges To Economy Linger

(RTTNews) - New Zealand's business sentiment improved in the fourth quarter, the latest Quarterly Survey of Business Opinion conducted by the New Zealand Institute of Economic Research showed Tuesday.

The economy rebounded from a weak September quarter, but the recovery remains shallow and slow. A return to growth brightened business mood, the survey revealed. Business confidence rose to a seasonally adjusted plus 3% from minus 8%.

"This confidence is slowly filtering through to new hiring and investment, but this needs to accelerate to drive a sustainable recovery," said Shamubeel Eaqub, Principal Economist at NZIER. "Continued deleveraging by households, restrained government spending and a soft housing market will influence the medium term outlook."

Business confidence improved moderately in the fourth quarter, reflecting the expected boost to activity from earthquake rebuilding activity and the looming rugby World Cup, said J.P. Morgan economist Ben Jarman.

A net 8% of firms now expect economic conditions to improve in the coming six months, compared with a net 6% in the third quarter. The survey showed that firms' trading activity climbed to minus 1% from minus 15% on a seasonally adjusted basis.

Although the economy avoided a double-dip recession, the rebound was patchy, concentrated in large firms and in the upper North Island, the report said. Activity fell sharply in Canterbury, reflecting post-earthquake economic disruption.

Seasonally adjusted trading activity slumped in Canterbury to minus 33% from minus 6%. All sectors reported weaker activity in December, but merchants showed the largest slump. The region is gearing up for reconstruction activity. As a result, construction employment surged in Canterbury.
The fundamentals for the New Zealand housing market undoubtedly are soft, as households continue to shy away from debt, Jarman at J.P. Morgan noted. "We would expect more short-term strength in the non-residential sector in the near-term, to be followed by a short-lived pop in residential building activity later on."
by RTT Staff Writer

About BioTime, Inc.

About BioTime, Inc.
BioTime, headquartered in Alameda, California, is a biotechnology company focused on regenerative medicine and blood plasma volume expanders. Its broad platform of stem cell technologies is developed through subsidiaries focused on specific fields of applications. BioTime develops and markets research products in the field of stem cells and regenerative medicine. BioTime's wholly owned subsidiary ES Cell International (ESI) has produced clinical-grade human embryonic stem cell lines that were derived following principles of Good Manufacturing Practice and currently offers them along with a wide array of ACTCellerate™ cell lines, culture media, and differentiation kits for use in research. BioTime's therapeutic product development strategy is pursued through subsidiaries that focus on specific organ systems and related diseases for which there is a high unmet medical need. BioTime's majority owned subsidiary Cell Cure Neurosciences, Ltd. is developing therapeutic products derived from stem cells for the treatment of retinal and neural degenerative diseases. Cell Cure's minority shareholder Teva Pharmaceutical Industries has an option to clinically develop and commercialize Cell Cure's OpRegen™ retinal cell product for use in the treatment of age-related macular degeneration (AMD). BioTime's subsidiary OrthoCyte Corporation is developing therapeutic applications of stem cells to treat orthopedic diseases and injuries. Another subsidiary, OncoCyte Corporation, focuses on the therapeutic applications of stem cell technology in cancer. ReCyte Therapeutics is developing applications of BioTime's proprietary iPS cell technology to reverse the developmental aging of human cells for cardiovascular and blood cell aging. In addition to its stem cell products, BioTime develops blood plasma volume expanders, blood replacement solutions for hypothermic (low temperature) surgery, and technology for use in surgery, emergency trauma treatment and other applications. BioTime's lead product, Hextend®, is a blood plasma volume expander manufactured and distributed in the U.S. by Hospira, Inc. and in South Korea by CJ CheilJedang Corp. under exclusive licensing agreements. Additional information about BioTime, ReCyte Therapeutics, Cell Cure, OrthoCyte, OncoCyte, BioTime Asia, and ESI can be found on the web at www.biotimeinc.com.
Forward-Looking Statements
Statements pertaining to future financial and/or operating results, future growth in research, technology, clinical development, and potential opportunities for the company and its subsidiaries, along with other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements. Any statements that are not historical fact (including, but not limited to statements that contain words such as "will," "believes," "plans," "anticipates," "expects," "estimates") should also be considered to be forward-looking statements. Forward-looking statements involve risks and uncertainties, including, without limitation, risks inherent in the development and/or commercialization of potential products, uncertainty in the results of clinical trials or regulatory approvals, need and ability to obtain future capital, and maintenance of intellectual property rights. Actual results may differ materially from the results anticipated in these forward-looking statements and as such should be evaluated together with the many uncertainties that affect the company's business, particularly those mentioned in the cautionary statements found in the company's Securities and Exchange Commission filings. The company disclaims any intent or obligation to update these forward-looking statements.

NZDUSD has worked out Nicely Development

NZDUSD 4HRS Waiting 4 4hrs stochastic to turn bullish with volatility

                                         Waiting 4 4hrs stochastic to turn bullis with volatility

Daily NZDUSD and 1hrly Charts

 Daily NZDUSD

1 Hrly Chart Break Out

Prices are currnelt rtesting on the warning line @0.7579 for a possable collaspe a break of 0.7565 will greatly change my mind to the down side looking at  0.7515 buterly completion.

also watching news to back bias direction.

NZDUSD PLAY 10/01/2011

Ahead of the coming week, Forex Pros has compiled a list of these and other significant events likely to affect the markets.

Monday, January 10

New Zealand is to publish a report on business confidence, a leading indicator of economic health. The country is also to release official data on building consents and its trade balance, the difference in value between imported and exported goods and services over the month.

Tuesday, January 11
The U.S. is to publish official data on wholesale inventories, as well as a report on economic optimism.

Wednesday, January 12

The U.S. is to publish reports on import prices, crude oil inventories and the federal budget balance, while the Federal Reserve is to publish its Beige Book, which contains analysis that the Federal Open Market Committee looks at when making interest rate decisions.

Thursday, January 13

The U.S. is to release a flurry of data, including a key weekly report on initial jobless claims, a leading indicator of overall economic health. The country is also to publish data on producer price inflation and on its trade balance.

Later in the day, Federal Reserve Chairman Ben Bernanke is to speak at a public engagement. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. 

Also Thursday, New Zealand is to publish data on commodity prices.

Friday, January 14

The U.S. is to round up the week with a string of data, including a report on consumer price inflation, which accounts for a majority of overall inflation. The country is also slated to produce official data on industrial production, the capacity utilization rate as well as a report on retail sales, the primary gauge of consumer spending.

Later in the day, the country is to produce preliminary data from the University of Michigan on consumer sentiment and inflation expectations as well as official data on business inventories.

forexpros

Commodity Overview

Focus on Oil
The Crude Oil Market opened the year on a positive note, hitting 27-month highs. However, this bullish surge was short-lived as Oil markets saw an aggressive sell-off yesterday producing a $4 drop in WTI Futures. The move was largely in response to fierce Dollar Index strength.

Irish Creadibitly in Question and Good Numbers from the Us Dollar rallies

The EUR/USD came under fresh selling pressure today in early European trade after the Swiss National Bank confirmed that it will longer accept certain Irish government bonds as collateral for its repo operations. A spokesman for the SNB told Dow Jones that only securities “that fulfill stringent requirements with respect to credit rating are accepted by the National Bank .”

This is the first instance of a central bank rejecting the credit of an EU member and suggests that the sovereign debt crisis  in the EZ may have entered an new phase of volatility with credit market participants becoming even more discriminatory in their attitude.  The SNB move may also put fresh pressure on the EMU to  begin issuing a Eurobond for the region as the current arrangement of having a single currency, but multiple sovereign debt credits shows the inherent conflict of the present system.

By FX360

Wilkinson said he expects the euro to fall below $1.30 by the end of the month.

"While core European countries are showing solid growth, there is a lot of baggage attached to that growth and it has the potential to explode on sovereign debt woes," he said. "The rise in Treasury yields, meanwhile, should prove to be a tail wind for the dollar."

U.S. Treasuries' prices plunged. For details, see [ID:nN05285548]. Rising yields tend to support the dollar as they reflect stronger growth. They also enhance the attractiveness of some dollar-denominated assets to investors.

A separate report showing the U.S services sector expanded as well in December also lifted the dollar.

For a wrapup of U.S. data click on [ID:nN05276072].

"If, in fact, employment is kicking in, then that would set the tone for self-sustained growth, underpin interest rates and very much underpin the dollar," said Bob Sinche, global head of FX strategy at RBS Global Banking and Markets in Stamford, Connecticut.

Analysts said the private sector employment report bodes well for Friday's U.S. nonfarm payrolls number, which is expected to show gains of 175,000 overall jobs last month. [ID:nN05280692]

"We're definitely back to a 'buy dollar' mentality and the market is looking to take out key support levels for the euro," said Dean Popplewell, chief currency strategist at OANDA in Toronto.

One of those support levels is the 200-day moving average just below $1.31, which has staunchly supported the euro over the last two weeks and its breach could signal further selling. (Additional reporting by Gertrude Chavez-Dreyfuss; Editing by Kenneth Barry)

ST JAMES PLACE!! (STJ) INVESTMENT COMAPANY

ST JAMES PLACE!! (STJ) INVESTMENT  COMAPANY
 Stop 265 Entry 279 TAGRET 340

Vodafone GB

Uk stock FTSE 100 Vodafone
Sector Mobile Telecommunication
171.4

Updated EUR/USD daily

Looking for prices ti enter sell zone then we will look for a faliure, weakness break of 30min 1hrly trend lines
Also there is Gartley on the 4hrs 1.3453

Timeless Trading: EURUSD Weekly Daily and 4ours

Timeless Trading: EURUSD Weekly Daily and 4ours: "EUR/USD's recovery from 1.3054 lost momentum after hitting 1.3423 and formed a temporary top there. Intraday bias is turned neutral for t..."

EURUSD Weekly Daily and 4ours

EUR/USD's recovery from 1.3054 lost momentum after hitting 1.3423 and formed a temporary top there. Intraday bias is turned neutral for the moment. It looks as if whole sideway consolidation pattern from 1.2969 is extend further and we'll stay neutral as long as EUR/USD is still bounded in range of 1.3054/3423.
We have an ABC top at the 1.36/1.37 followed by a downward D on the weekly if the resistance is not taken out

On the upside, break of 1.3234 price are currecnlty holding 1.3364 which will indicate that rebound from 1.2969 is resuming for 1.3785 resistance. On the downside, below 1.3054 will suggest that whole decline from 1.4281 is resuming for another low below 1.2969. the 1.17/1.16 D 1.618 low trend line

 Elwave Count

A1/ 11 elwave high setting us up for a iii wave down Price are within the warning line so we have to stay alert for the rally then the drop i don't see 1.3350 being breached i will be looking  for sell signals on the 4hrs and

Daily around these prices becasue the stochastics is bullish need to waite for weakness and then a faliure.

RSI has failed long term and we are want falling momentum.

Also watching the news in the coming days to confirm bais

Good Luck!!!!