it looks like it's going downnnnn...there was major resistance at about 2.075, it opened under the day's pivot, stochastic is down and the 5ema crossed the 8ema on the 4hr chart....the only long opportunity i see is a possible 200ema bounce off a retracement (4 hr chart also)...umm it seems semi-correlated w/ the other 3 majors....EURUSD/GBPUSD down, USDJPY/USDCHF up
and although it's about 12 hrs from now, it looks like the durable goods report for USD is good, strengthening it against GBP
what does everyone else think?
and although it's about 12 hrs from now, it looks like the durable goods report for USD is good, strengthening it against GBP
what does everyone else think?
The odds are on my side; let's hope they stay that way!!!