For now looks like parity has been denied.. as eu looks for a touch on 1.083.. from there it should retrace to 1.052ish... what happens there is huge..
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tp update for point "2" is 1.0502
Comments
trajkovic
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Kudos
USAS_INC
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Yeah its 2 critical looks like
TheBanker
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adverted?
Trader_Dale
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Based mostly on Market Profile and Price Action (daily charts) the strongest levels for short swings are 1.0710 and 1.0765. Heavy volumes were traded between those levels (accumulation) followed by strong rejection of higher prices resulting into renewed sell-off. I think that the sellers will be active there again.
Only thing to watch out for is ECB meeting on Thursday. Basically anything can happen there and I won't be trading during this event.
You can see my analysis here: