Graviton,
Congrats on your EURUSD and USDCAD long USD trades! :-) It was smart to take profits IMO. I see the following 3 reasons for you to TP where you did:
1) Core Durable Goods Orders m/m huge miss today (bad for USD)
2) FOMC meeting tomorrow (event risk)
3) CAD huge option OI at 800 level (corresponding to 1.25 in USDCAD): http://www.cmegroup.com/trading/fx/o...rest/main.html This level will be defended heavily.
Regards,
EZ
Congrats on your EURUSD and USDCAD long USD trades! :-) It was smart to take profits IMO. I see the following 3 reasons for you to TP where you did:
1) Core Durable Goods Orders m/m huge miss today (bad for USD)
2) FOMC meeting tomorrow (event risk)
3) CAD huge option OI at 800 level (corresponding to 1.25 in USDCAD): http://www.cmegroup.com/trading/fx/o...rest/main.html This level will be defended heavily.
Regards,
EZ