There was an Iceberg order (yellow arrows) where they accumulated Euro in a big way. See the blue line? My only trendline plot on the entire chart, hinting a backtest from below (kiss-goodbye?)

The embedded oversold stochastic unraveled & went to the other extreme.

The price landed in the moat, just behind the E-9.

The mean reversion projections were just about perfect.

…although this mean reversion took 1.5 hours versus a 2-day statistical average. By the way, from the 6x fluctuation maximum peak, it took 41 hours to return.

This looks like an inverse head & shoulders.

Of course, you could have a deeper right shoulder or at least a double. The cyan-shaded two hourly candles are professionals’ profit-taking on the first leg up.

There’s also the end of the pendulum at “300”.

Normally, you would get a swing back from here (to the other end). I certainly don’t think that a gap up is a possibility here, but a gap down would help recharge the energy faster.

This large daily candle was also a recharge move for the daily energy.

The upper reversal zone starts at 1.1581 – how interesting is that?!

The daily stochastic would be out of the oversold, which could attract fresh shorts.

I certainly don’t like the speed of the move up, but I leave you with some claws.

Whatever low we get on Monday, if that holds for the next 3 days, the move could continue (see 2 C) or if the 2.2x fluctuation maximum line (white F + green diagonal example) remains untouched after 3 daily lows (inside days don’t count), you’ll get another leg up.

Liquidity breaks are typically counterproductive.

Check the difference between the starting points below:

The first one was above the EMA band. The second one, after a maximum effort, just managed to put is head above the waterline. Not my idea of a start of a healthy new leg up. From below the weekly S3 (1.1414)

I have another trendline for you on the weekly. Another kiss-goodbye look. Probably a major gap down would be my thinking based on this one. Not looking constructive at the slightest.