doesn't look good for a bounce here - it has only dropped a few pips, but it is now underneath support, now resistance. I am looking short again
HamedAghajani
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With the NFP due tomorrow, I think short is a safer trade
geometricThinking
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Depends on your trading time frame ... I am trading 30 min bars, so tomorrow is several trades away.... At the moment, the initial support I saw looks like it has held. However, seeing such a weak bounce makes me wary of going long here. I think I will stay on the sidelines for a bit, until it is clear what it wants to do. Happy trading!
Cityfox
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Did you have a good day on EURUSD?
geometricThinking
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wish it was that good every day...
Cityfox
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I'm long 1.2376...hmmmm
HamedAghajani
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Hi, How much long you mean?
geometricThinking
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if it breaks down again, here are the best places to reverse (imho) when it reverses, MAYBE here, the bounce ought to be pretty good....
HamedAghajani
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Thanks, I meant how much upside do you expect in this pair?