Euro Retracement Part 2

I mentioned in my previous post that the market still looks slightly bullish and that we may well hit 50%.
Today we climbed to slightly below the 50% retracement zone and although I still think we might want to wait a bit, we have a divergence forming on MACD histogram and signal line. Unfortunately I once again am not able to keep an eye on the market but if you have a chance to glance at your screen every so often then look for a decent candlestick reversal for taking up shorts.
I won't be posting anything tomorrow so good luck and have a good weekend.

Euro Retracement Part 1

As most of you may remember, a typical retracement is 50% and 61.8%. We hit 38.2% yesterday and as the market still looks a little bullish so we may continue with consolidation or an uptrend for a little bit. However, position/swing trades should not be concerned by this correction but if the uptrend were to surpass all the fib retracements then the position would need to be reconsidered.
I would not advise to open any long positions based on what I have said as the uptrend is too limited.
Once again, the correction at or around pivot points or main fib numbers are good areas to open your orders.
Remember, the trend is still down.
No chart attached as nothing much has changes since last night.

Best of luck.