Good morning,
Saw that 107.50 reached overnight, triggered by the series of european news. Now what?
Recapping yesterday's move, any directional moves were news driven, and small intraday moves were following equity moves.
Given this, for morning trading, my guess is that next kick will the usd unemp claims, which at this point may determine whether we are clearly above 107.50 or below, and determine entry points for new longs. Will be mindful of 107.80 and 108.00 and djia moves.
Saw that 107.50 reached overnight, triggered by the series of european news. Now what?
Recapping yesterday's move, any directional moves were news driven, and small intraday moves were following equity moves.
Given this, for morning trading, my guess is that next kick will the usd unemp claims, which at this point may determine whether we are clearly above 107.50 or below, and determine entry points for new longs. Will be mindful of 107.80 and 108.00 and djia moves.