DislikedHello hello hello - ok so EUR 65 level paid some pips, about 40-something, and the dollar crushing is obviously continuing tonight. The only one I left anything open on was my short USD/JPY trade and long AUD/USD.
The way things are moving now Im looking for a bunch up on EUR, maybe a push a little higher into the 1.5800's looking at tonights numbers. 1.5817 area is the monthly high, wuth resistance as low as 1.5800, so that's going to be looked at. 1.5841 is the major retracement level, so that will get some attention as well. Ultimately, strategy still the same....looking for the best short.
Same situation in reverse for USD/CHF.
There isn't a lot of built up hype around anything past these marks, so some profit taking should be going on with reversal in mind as all the bulls go running for the hills on EUR. Right now positions look still widely open though. US session should change that, especially with the weekend ahead.
Equity markets playing hard on the USD, but nothing that hasnt been expected for the last week about.
AUD Im still the same - Im long taking partial at .9650 area with ultimate target at .9750 area. JPY - keeping the short open until I see signs of anything otherwise.Ignored
- | Joined Sep 2007 | Status: London | 187 Posts
Be like a post stamp! Stick to it until you get there!