Close positions, Events coming up. +40 ticks today
Updated
I've been short since last night because as you can see we were at resistance levels.
I was aiming for a little more downward correction, however the dollar index rejected the fib extension which was my signal to cover my short at 40 ticks profit. It was only a small rejection however so expect a little downward move on EURUSD.
With recent trump remarks that the dollar is too strong, Yellen talking tonight, FOMC members talking tonight, Monetary policy press conferences and ECB press conference coming up I'm not a big fan of holding.
We're still in an uptrend and I might scale in longs.
I was aiming for a little more downward correction, however the dollar index rejected the fib extension which was my signal to cover my short at 40 ticks profit. It was only a small rejection however so expect a little downward move on EURUSD.
With recent trump remarks that the dollar is too strong, Yellen talking tonight, FOMC members talking tonight, Monetary policy press conferences and ECB press conference coming up I'm not a big fan of holding.
We're still in an uptrend and I might scale in longs.
Trade closed: target reached
Congragtz if you didn't chicken out on the second short opportunity, I passed on it due to volatility events.Janet Yellen will speak later tonight.
I'm not gonna take any more trades on EURUSD until next week, except for scalping.
Key-level to watch is the bottom BB (pink) and the middle keltner channel (blue).
First heavy resistance near 1.0800
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