Okay... I'm going to church now
And this is what I think:
1.- EURUSD goes higher, nice... okay, no problem, go wherever you want to go, because when it's the Asian close , traders that held their positions during the weekend should take profits, and drive this pair lower.
2.- EURUSD ranges, I come back, do my fundamental analysis and we still see profit taking.
3.-EURUSD drops, so they are already taking profits... mm, depending on the strenght of it, it's still the Asian session.. we could see a bullish london session, (due to ECB toxic bond buying), but after the US opens, we come back to reality and the pair finally drops.
Pbh
And this is what I think:
1.- EURUSD goes higher, nice... okay, no problem, go wherever you want to go, because when it's the Asian close , traders that held their positions during the weekend should take profits, and drive this pair lower.
2.- EURUSD ranges, I come back, do my fundamental analysis and we still see profit taking.
3.-EURUSD drops, so they are already taking profits... mm, depending on the strenght of it, it's still the Asian session.. we could see a bullish london session, (due to ECB toxic bond buying), but after the US opens, we come back to reality and the pair finally drops.
Pbh