I'm staying with my bullish bias on eur/usd as the dollar is clearly getting weaker by the day. Today's Fed minutes will probably cause some short-term volatility spikes so I will be cautious if I am still in the market at that time, other than that the calendar is light today so overall market sentiment is what I will be paying attention to today for direction. Now the fun part, I see on the 15 min chart that no major upside or downside movements were started during the first half of the London session so this short-term range provides a good opportunity to look for a breakout play when North American markets open and more volume comes in.
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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.