Due to Goldman's call, or just because everybody found the Holy Grail, the pair got hammered lower again.
4H: - Price pushed back below Kijun and trendline again - they managed to print a lower low, but EWO positive divergence still there!!! - Heikin Ashi candle again shows undecision: I bet this mkt is too much loaded on EURUSD short. - Key reversal levels are a bit lower now: 1,0686 and 1,0715 - I still watch for a swing long signal on 4H time frame.
Everybody is calling parity now. This trade has become too obvious, and maybe a bit crowded. It can still work, and go lower, but from current levels, at current oversold conditions, with so many divergencies for me it makes only "as much sense" as the lyrics from Salt N Pepa's song (which more or less represents how mkt usually "thinks" when gets over excited on something). I don't like when everybody is saying the same mantra and push it same way.
Ooh, baby, baby Baby, baby Ooh, baby, baby Baby, baby (get up on this)
Ah, push it Ah, push it Ah, push it (get up on this) Ah, push it
(Get up on this) Ow baby Salt and Pepa's here Salt, Salt, Salt, Salt and Pepa's here Salt and Pepa's here Salt and Pepa's, Salt and Pepa's , Salt and Pepa's here Salt, Salt, Salt Salt and Pepa's here
Now wait a minute, y'all This dance ain't for everybody Only the sexy people So all you fly mothers Get on out there and dance Dance, I said!
Salt and Pepa's here, and we're in effect Want you to push it, babe Coolin' by day then at night working up a sweat Come on girls, let's go show the guys that we know How to become number one in a hot party show Now push it
Ah, push it Push it good Ah, push it Push it real good Ah, push it Push it good Ah, push it P-push it real good
Push it good Push it real good Ah, push it Ah, push it
Yo, yo, yo, yo, baby-pop Yeah, you come here, gimme a kiss Better make it fast or else I'm gonna get pissed Can't you hear the music's pumpin' hard like I wish you would? Now push it
Push it good Push it real good Push it good P-push it real good
Ah, push it Get up on this (uh) Get up on this (uh) Get up on this Get up on this
Boy, you really got me going You got me so I don't know what I'm doing
Ah, push it Ah, push it
Boy, you really got me going You got me so I don't know what I'm doing
Ah, push it Ah, push it
Ah, push it push it, push it-push-it-push it push it, push it-push-it-push it, push it push it, push it-push-it-push it, push it push it, push it-push-it-push it, push it
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