Eariler I thought we would be going higher since on the daily chart there is no divergence. However, on the weekly chart there is divergence and bad news today could be USD positive. Which means down for the EURO/USD.
The other thing is just looking at the weekly chart with the basic bollinger bands and you can see the center line providing some serious resistance at these levels.
I think that after this news we will be revisiting the daily pivot at the very least.
Then again something could happen and surprise everyone lol.
Either way, I'm not trading this news.
The other thing is just looking at the weekly chart with the basic bollinger bands and you can see the center line providing some serious resistance at these levels.
I think that after this news we will be revisiting the daily pivot at the very least.
Then again something could happen and surprise everyone lol.
Either way, I'm not trading this news.