So far so good and price approaches the downsloping reaction line for the third time- Persistence usually pays off. The EurUsd is an absolute pig today and despite being right about going short the market whipsaws around and i have been stopped out on my trade but the day is not over and we may still see clearer defined down movement before the end. Volume seems below average for a Friday even without data but maybe G20 comments may provide some stimulus for price to kick off and get below 1.3900 but like the DX with its battle to get through the RL do not expect the euro to drop through on the first attempt as it usually takes 2-3 for a big number.
No comments:
Post a Comment