Looking to buy.... because it is Friday, I don't expect to get triggered today. All the negative data I predicted today came out already. No predetermined catalyst today for the EUR, but there is at 9:00am for USD where FOMC Member Dudley Speaks, and 10:00am US Prelim UoM Consumer Sentiment data. That ought to shake things up a bit. U.S. March 2016 IBD Consumer Confidence Fell to 46.8 ( www.aastocks.co...ws/comment.aspx?source=AAF... ).
So, I speculate that the US Consumer Sentiment coming out at 10am will also fall, AND the consensus on Economic Calendar shows that it also will fall from last month. So, Double Confirmation! Maybe this catalyst can push the EURUSD in the long direction if it falls down to my buy zone before that time. If not... I am taking off for the day, since it looks like from other times on this chart when it fell it took at least 52 bars. It is 4:30am EST and only 22 bars. By 10am, it will only be about 28 to 30 bars.
So, I speculate that the US Consumer Sentiment coming out at 10am will also fall, AND the consensus on Economic Calendar shows that it also will fall from last month. So, Double Confirmation! Maybe this catalyst can push the EURUSD in the long direction if it falls down to my buy zone before that time. If not... I am taking off for the day, since it looks like from other times on this chart when it fell it took at least 52 bars. It is 4:30am EST and only 22 bars. By 10am, it will only be about 28 to 30 bars.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.