The next short term move for the Euro will be a 250 pointer! The blue lines are the trigger lines for the very short term. Breaching these lines will take us to either 11700 or 12150. The orange lines denote how the move could open up either way.

We posted this chart last week:

With this chart we stated the following:

Buy at the trigger lines and gain control in Bull Land and we'll surely head higher towards 130 to 135 with ease.

Sell at the trigger lines and if the Bears decide to kill this dry then surely 113 will come alive with ease.

Clearly we've snapped to the downside and now 11300 is alive for the Euro. For the very short term we will see which way the next 250 point move is going to be struck.

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