ForexDreams

EURUSD SHORT OR LONG?

FX:EURUSD   Euro Fx/U.S. Dollar
65 0 0
Right now either could be right. Trading from the balance line can be a dangerous game.

There could be one more push down to 1.2270 - 1.2250 or price can pull back from where it is.

There are big news releases at 12:45 (UTC) and 13:30 which could be used as a stop hunt or to accelerate price - EU Interest Rate decision.

I have done very well yesterday but now started with a 20 pip loss today so will stay out till after the above news release is done.

Any thoughts or comments, please post.

UPDATE: Today's movement was part of a larger pattern which could end around 1.2480 - 1.2500 mark. From there, I'm inclined to short using the NFP news tomorrow.
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