Disliked{quote} {quote} valady1974, just said the reason in my reply... I understand many are shoring EU, but let's ask ourselves what would it take to break the 1.3500 and what is the 1.3500 meaning to EU right now. The only thing on the table that would possible take out 1.3500 is the QE and USD rate decision as far as i would concern.Ignored
Next, why 1.35 pricisely? I could argue that the 3 Feb low of 1.3477 is just as likely? If anything, it's probably likely that we will consolidate or bounce between 1.3470 and 1.3530 for a retrace to 1.3570 for another short potential. My bias is that we are headed sub 1.35 to 1.3470ish where I will look to reverse.
A pip is only worth it if you know how much you risked to earn it