- Currently 2 doji's at the top of the Ichimoku cloud - Stochastic extremely overbought - Almost perfect negative correlation between the EUR/USD with FTSE, SPX - Sitting right below the 0.382 Fib line
- If tonight's GDP is revised down there will be a decent sell off. Tomorrow's ECB decision will have a much larger impact with Friday's NFP having the final say in where we head for the next week. Currently awaiting a clear direction but the technicals & fundamentals still slightly favor the downside.
Comments
SteveTobin
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Nice analysis, I traded the break of triangle to the upside and have exited because of the stall