1.0700 would be st bullish for the eu. as 1.0684 is the HH, but that's only confirmed if the next low is above 1.0462
A close above 1.0684 would help more than just a spike above. Closes count more.
for those of you guys that were asking last friday/weekend
If we did spike there- I'd be surprised. And I'd come back from my slumber this week and short- in that case a small stop can be used right above .68 (id go a couple pips above .70 just in case) because you would expect there not to be a HH, if there was a HH- your trade would no longer be valid, and you can get out with - a few instead of - a lot.
again- for those asking last week
A close above 1.0684 would help more than just a spike above. Closes count more.
for those of you guys that were asking last friday/weekend
If we did spike there- I'd be surprised. And I'd come back from my slumber this week and short- in that case a small stop can be used right above .68 (id go a couple pips above .70 just in case) because you would expect there not to be a HH, if there was a HH- your trade would no longer be valid, and you can get out with - a few instead of - a lot.
again- for those asking last week