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EUR/USD 1-hour chart with MurreyMath1.0

Horizontal fib plot

Low = Oct 7th 18:00 1.3360 High = Oct 10th 16:00 1.3697

Price made a 138.2 extension during Oct 12th 17:00 1.3826, just above overbought MML +1/8th level.

BAJA bearish divergence at top.

Decline/retrace to High and near MML 8/8th, but only after 2nd hit to top this morning.
Bottom registered oversold on RSI(4).

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Here's the same EUR/USD chart, with SDC.

Plot for SDC high/high: Oct 10th 16:00 and Oct 12th 17:00

Confirmation of plot came in respect of mid-channel mean.

Bottom pivot Oct 13th 13:00/14:00 was right at the SDC lower channel line.

Another in cluster of support from various plots.

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Several near-end of day shorts lining up. Just look at previous highs.

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Fitch announces

places 7 global trading and universal banks on watch, including Morgan Stanley and Credit Suisse

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Attached charts:

1) We had omitted the GBP/USD MML chart.

2) USOIL daily chart with Gann_SQ9 set at 360-degree interval. Last 3 swings were 1440/1440/1080. Current swing down hit 360 with yesterday's low. Some hits are based on close of candle that were near these intervals.

3) EUR/USD daily SDC we had mentioned the Oct 12th hit mid-channel mean. The Oct 13th bounce down went for +140 pips. Price still respecting mean as resistance.

4) EUR/USD 1-hour with SDC was posted after Oct 13th hit to lower channel. Since then, we saw price revert to the mean (mid-channel), and near MML +1/8th at 19:00.

This coincided with end-of-day, and anticipated decline, which fell back down to lower channel at 00:00 precisely.

5) EUR/CHF 1-hour PSQ9, with plot Moon 0/315. End-of-day 20:00 marked with green arrow, which was at previous high of 1.2375. Short went down to FC 31.4 which had been highlighted in previous post as being significant support.

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The next intersection of Moon/Mars is around 09:00. Let's call it a 3-hour window, and that is center.

Note: Moon squared with mars 07:54

Unfortunately, 09:00 coincides with data EU CPI.

In any case, let's study movement as it pertains to the Shaker and Shaker OS trades.

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07:35

EUR/USD bounced off 1-hour Standard Deviation Channel (SDC) lower line. This level also the Mars 225

Intersection with Moon 315 during this window.

Spain also downgraded yesterday, ahead of G20.

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9:00 EU CPI come out one metric as projected and one slightly above.

12:30 Positive U.S. Retail Sales, above projection.

Overriding tone is based on G-20 meeting regarding EU debt. Report by Bloomberg has possible 50% haircut taken by Greek debt holders.

This would of course be Euro-positive.

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Here is continuance of our EUR/USD 1-Hour SDC plot.

As reported, the 07:00 low was a precise hit to the SDC lower channel. The 13:00 candle closed at the SDC mid-channel mean, and we see a small pullback of that resistance now.

This was an excellent plot that the market respected on 5 occasions subsequent to plot. After the 1st or 2nd confirmation of S&R levels by price action, trader can be confident of its accuracy (high probability).

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