EUR/USD: This market has been moving steadily in the...
The Monthly Chart is in a large Down channel and if you plot the Down Fibs then there is a Monthly D extension at 1.0000 (Parity). On the Weekly time frame there is also a down Fibonacci swing with its D extension way below parity at 0.9300. There is also a Bearish Crown with the D extension at 1.0500. As long as price remains below 1.1200 I expect price to continue bearish ...Continue Reading
A condition in a highly volatile market characterized by a sharp price movement quickly followed by a sharp reversal.
Flat (or Square)
The state of being neither short nor long. A â??flat bookâ? would contain no positions, or positions that cancel one another out.