EUR

g'morning ...still holdin them shorts...price action looks very similar to 11/22 when rate crossed below 8sma on 4 hr......

surf fishin..be back

Interesting docu on french german educational channel...how the ECU failed.
ECU european currency unit was not a cash currency but the forerunner of Euro. Every national currency was related to ECU by inflexible peg bands. Guess what happened...
speculation vs Greek drachma...Italian lira... Spanish peseta...Portuguese peso.... Germany paid... now the bailout was calculable ahead because of the bands ... as the target became French franc Germany was close bankrupt and the band was widened french franc devaluated.
Within a few years the ECU lost 30% value versus D Mark but franc peseta peso lira drachma
did not lose value vs ECU...
what was the reason?
The same as today no common mistery of economy no common treasury. Every country was cooking their own national dish with as many cooks ( politicians) and more than many helpers and lazy executors ( govt officials) instead of accomplishing ONE economy .

what is the difference?

the bailouts in ECU regime were calculable and could be adjusted
the bailouts in EUR are not computable ahead and cannot be adjusted

Good trade cygnus..
...........
'Re:trade e/$ sh from 3348 closed half (4) @ 3251
now placing stop for remaing 4 from 3348 at 3280..current 3258.
watching gartley, subway's level..and last sig low at 3245..'
..........
Update...E/$ poked thru a tad below 3220...my focal point on possible correction from latest e downmove.
moving stop down to 3267..
3120 looking likely if trading continues below 3220..

g'night...

100% gartley @ 3224

looming possibility of bullish gartley having leg down to 3205 area, then up..
so break of 3240 down may be short lived....homies