Let’s make a deal. Oh, we did.
Eurogroup press conference about to begin.
This afternoon”s 2101.50 bias-up target had also been unfinished business outstanding since Tuesday afternoon. It was met during this afternoon”s rally to 2105.00
Simultaneously overbought RSIs are now “unfinished business above,” requiring a retest. No other objectives are outstanding.
Overbought RSIs sent price back down to 2101.50. Touching it has reacted back up to within 1 tick of the high. Stopping pessimistically short of the high, just ahead of the Eurogroup press conference detailing the agreement, suggests the high will be probed by more than a little.
But nothing requires probing the high for more than a minute. Or two. Expiration is a wild card in this environment. The choppy session keeps alive potential to chop again. And although the bias environment was exited above the noon hour”s high, the final hour was entered only AT the bias environment”s high.
