DislikedI'd expect Frankfurt or London to still take it lower and see if buyers show up. My guess is there won't be enough, and the retrace will be minimal. I'm going to try holding out some 134 shorts and more recent ones targeting 130.9/130.5. Regardless, I'm expecting NFP to create further downside, unless, we get caught in an anomaly of low liquidity, given the holidays in the US. I do find it suspect that we're creating this much down movement before what should be a bad NFP - haven't seen this combination of variables yet, but only been trading for...Ignored
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Rule No.1: Never lose money. Rule No.2: Market is always right !
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Nihil Sine Deo.
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A little beginner trader since 2006
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Don't be a hero. Don't have an ego. Always question yourself
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Markets are not Random, they are designed!