I just checked morning ideas and see that the majority is about starting to short EUR right off the current price . Which does not look sustainable to me. The market set new high,on 240-min it's now out of 2-mo range. But what's more important - in this zone I see no serious levels for big boys to get liquidity. The closest such zone is around 1.1950. I'd expect...
thing just broke 113.311 resistance, there vols here. to me - getting ready for another slow grinding day. but not before it fucks everyone between .115 and .130.
set order at .119- the closer to mean the better.
0.77800 was very strong on Friday and having in mind the thing is in the middla channel (on daily) in may go either way with clearly defined, very tight risk. will be watching it closely right from the open
I would expect it again will test 114.00 this week and go down to bottom channel. For me it's gonna give a solid milestone (114.00 round number+long term downtrend line) to start a good swing downwards
I've no doubt it's a surprise for many but this forex queen is in clear and unquestionable downtrend :-) Looks like 1.25 zone is gonna be a level to start shorts. Meanwhile, responsible longs are goona be easy and profitable