The EUR Trak is clearly upslope this morning and may likely lead the EUR up to once again intersect the Ledge. Looking at the current 5 minute chart (not shown) reveals that most of the big bars this morning are bullish with very little tail and are consistently hitting the upper EUR Trak channel band.
For this morning’s opening trade in FXE . . with the EUR Trak up-slope the signal was Long 10 minutes into the open (per previous posts) and once again we got a great fill although the open did trickle down for 18 minutes. Waiting for the cross of the 2 minute 8/8 hi/lo channel prior to entry would have saved a nickel so we can add that filter to our list of entry confirmations. As of this post (8:27 pst) our FXE Long is ahead .34 and the EUR Trak continues up-slope.
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