Oh boy, tomorrow's open is gonna be a doozie.
Let's examine where we can go.
-that last hour is ugly. Any bids looking for a sale are shook.
-potus answered a question about a possible recession, to which he said maybe, and of course the times have run a headline saying he said this on his own accord; in reality he was brushing off a question that wasnt related...
EURUSD 30th May
EUR has finally reached the month-long downside target at
1.1558 just in time for the end of the May. It actually
exceeded the target by 45 pips before reversing higher and
creating the first strong green candles of buying intent the
market has seen for months now. But the counter rally is
running out of momentum now whilst DXY holds above...
This pair is moving in a really nice sideways channel.
Price looks as though it has topped out at 1.1191 and looks bearish from here. Have taken a short position with a tight 20 pip SL. I expect to take profits at around the Fib 38% retrace level (1.1121).
3m Chart
I watched this trade closely on the 3m chart because I had a good idea that price would...
