We aren't seeing much of a fundamental shift. Was short for a while hoping to get back down to the 93 levels but traders are looking for liquidity and stability especially with the news that came out earlier today. There wasn't much of a shock but traders are looking for data since the fed is Data dependent now. I missed out on the trade and my EURUSD long got stopped because I was not aware of fundamental event risk. Stay aware!
Looks like Dollar long again if we get some risk however I'm looking for a huge dollar rally. The british session should fade the trade hopefully down to healthier levels - ie. right on the 200 and 50 retracement. Looks near term over bought but technicals favor short term downside to enter long again.
Trade was taken into two units first unit will be closed above 962 and SL moved to BE targeting 9675
Good luck out traders.
Looks like Dollar long again if we get some risk however I'm looking for a huge dollar rally. The british session should fade the trade hopefully down to healthier levels - ie. right on the 200 and 50 retracement. Looks near term over bought but technicals favor short term downside to enter long again.
Trade was taken into two units first unit will be closed above 962 and SL moved to BE targeting 9675
Good luck out traders.