Watching EUR/USD:
Watching with great interest what will be happening on the EUR/USD market up through the end of this year. Price is currently hovering above a 15 year low, and price has stalled and is beginning to balance between the buying and selling. From the way things look right now, there appears to be little appetite for selling. Perhaps this is due to the US holiday, and with low liquidity, the market cannot muster. However we are now in an area where I anticipate either renewed selling, to stop out any early longs, or sellers from above the market, to be booking profits before the end of the year.
Over the past 24 hrs or so, the order flow has changed from net selling to balanced. So I am "stalking" this pair.
Watching with great interest what will be happening on the EUR/USD market up through the end of this year. Price is currently hovering above a 15 year low, and price has stalled and is beginning to balance between the buying and selling. From the way things look right now, there appears to be little appetite for selling. Perhaps this is due to the US holiday, and with low liquidity, the market cannot muster. However we are now in an area where I anticipate either renewed selling, to stop out any early longs, or sellers from above the market, to be booking profits before the end of the year.
Over the past 24 hrs or so, the order flow has changed from net selling to balanced. So I am "stalking" this pair.
@xxxx§|[::::::::::::::::>