normal fib extensions should be decent profit targets. Watch the minor that form. For the time being, we're heading nowhere fast, so...
talking about today(friday) - if it's taken back convincingly, buy on the retest. If not, sell on a spike... Maybe the german gdp will provide some vol. - though it's the final revision and noone actually cares - or maybe someone is downgraded since it's friday, or whatever; the calendar is pretty empty till tuesday, so...
right now it's under the tl, so I guess short, leave 30 pips up, if it breaks up, zoom on M15, cover/buy on retest(but than it's asia, I don't trade asia, I sleep it), rinse and repeat. If H1 100MA is taken back convincingly, guess they'll take back the tl too, but I have no clue.
There isn't much happening right now, so all you can do is actually watch the screen and trade accordingly(while actively staring at it).
I'm mostly short last month, but at how it is right now, can as well flip a coin. Pick a side, stick with it, don't overleverage, don't be greedy. Range trading at it's finest.
They couldn't even do that, so maybe it'll go lower some more, but than it's time to sleep, so I'm squared 'xcept main position.
1st common sense target if short I'd say it's ~.325 - .327 or so?
I'm not long, but if I'd be I'd stay til .341 - .3415 at the least. If very convinced on my long, ~.348.