My Intraday View
Surprising liquidity injection soften the USdollar (pulling the E/U up) to save the alarming decrease on the stocks
...but equities didn't budge to move higher today!
Volatility expected today as BoE and SNB will come up with the rates and monetary policy,
but the final direction for the E/U should be pointed out with the US data later today.
I won't bother to jump in the market on high volatility until US data, unless strong momentum on BoE or SNB time.
Even the Intraday S/R remains pretty the same,
resistance: 1.1261 - 1.1275 zone,
support: 1.1190 - 1.1200 zone,
... I wouldn't count on rebounds in that zones if the E/U momentum is strong !
Trade carefully today you all!
Surprising liquidity injection soften the USdollar (pulling the E/U up) to save the alarming decrease on the stocks
...but equities didn't budge to move higher today!
Volatility expected today as BoE and SNB will come up with the rates and monetary policy,
but the final direction for the E/U should be pointed out with the US data later today.
I won't bother to jump in the market on high volatility until US data, unless strong momentum on BoE or SNB time.
Even the Intraday S/R remains pretty the same,
resistance: 1.1261 - 1.1275 zone,
support: 1.1190 - 1.1200 zone,
... I wouldn't count on rebounds in that zones if the E/U momentum is strong !
Trade carefully today you all!
Member