It looks
like range might go on for some time for EUR/USD. The market is exceedingly
calm and I don’t know about others, but I prefer to stay away under these
circumstances. Sometimes I wonder what I find to be more putting off – the aforementioned
exceedingly calm market or the highly volatile one provoked by events like the
US Non-Farm Payrolls. You take a greater risk trading under such circumstances
either way. That said, sitting back and twiddling your thumbs waiting for an
opportune moment to make a decision can be very stressful and annoying as
well.
Good tip, I'll register!
ReplyDeleteEURUSD pair initially tried to rally during the course of yesterday session, but found enough resistance of the 1.25 level to turn things around and close near the low of the day creating an inside day. It appears that the pair is ready to continue moving lower ultimately reaching the 1.2050 level which is a “round-trip” for the entire uptrend, although it will be rather choppy all the way down there.
ReplyDeletevery good post, thank you.
ReplyDeletegood point of view
ReplyDeleteInteresting Article. Thanks.
ReplyDeleteI will keep watching this pair.
ReplyDelete