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Buy the rumor sell the news?
Yep. That is just another way of telling that brokers are expecting another pack of nonsense from ECB
All is normal. Today is just a simple daily intra range trading. By the size of the correction, it is clear what are traders prepared for. That is a only a 10 pips change day - by definition a simple ranging day of a market expecting Thursday. The price is nowhere near long term resistance
Hi
Good analysis, but only 10 pips change , do you think it worth it or we have to wait
?
Hi
Good analysis, but only 10 pips change , do you think it worth it or we have to wait
?Wait 2 more days
With these ranges, if you find yourself on a wrong side on Thursday, it can be ugly. And risking to wait a whole day long for 10 pips is simply not worth it
2 pips range so far in Asian session - the rest will not be better
Better to wait those 2 days
All is getting set up for tomorrow. Trend is not changed - it is still a bullish trend. Expect a whipsaw and if the support holds, even a stronger bullish trend
One more no range day. No trading till tomorrow
One more no range day. No trading till tomorrow
There will probably be a bit more volatility (high swaps for longs and discarding of long positions that traders took mislead by very high negative swaps for shorts a few days ago - new way of controlling the forex) but not too much. Volume in forex is very low for a long time
Today US data and Yellen to decide what will happen
Tomorrow ECB and Draghi with another attempt to talk it down
EURUSD 1.3700, as suggested, so far holding as top.
See my warning to all traders.
Daily Forex Trading Outlook
https://www.youtube.com/watch?v=JsefHUN9Vf0
21 pips
19, 20, 21 pips, it's getting better guys.