Sentiment is changing on the Euro now with the ECB looking to change their policy soon, and cut back on tapering, due the books starting to take shape.
Yesterday saw this enjoy some gains, in my opinion its still got a downwards leg short term!! . Right now its at a strong resistance area where the sellers are keen to step in .
We will be selling @ 1.1250 but not until after US data release today .........
Stop set @ 0.786 fib line 1.1340
TP @ 1.1140
Don't want to get to greedy with it ....
Happy trading people ..............
Yesterday saw this enjoy some gains, in my opinion its still got a downwards leg short term!! . Right now its at a strong resistance area where the sellers are keen to step in .
We will be selling @ 1.1250 but not until after US data release today .........
Stop set @ 0.786 fib line 1.1340
TP @ 1.1140
Don't want to get to greedy with it ....
Happy trading people ..............
Note
So we have not entered yet after the NFP figs , 1.1300 (1.4bln) options expiry today, so going to see what happens when US mkts open .I will be getting in this though after US - ISM FIGS @ 15.00 today ,
Plenty of data this week to keep us busy ,
Happy trading people stay int touch some good trading ideas coming this week.
Note
Still waiting trade has not been set yet ,as I feel this will push up past 1.13 , will be in touch
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.