Hey eveyone! I wanted to sort out something for myself and was curious if my thinking is right. So ...
Either sell or just watch the price action and move the stop loss up. If the euro goes further, it's all good. If it reverses you stil lock in profit.
Everyone is gonna be gunning for yday's high today
I think everyone is focused on FOMC today
Agreed, I don't expect them to shatter a fragile situation with the us equity markets, so they'll try to be a dovish as they can short of reversing their rate hike. The key question people are looking for is probably how many hikes will there be ...
Maybe all the macros are priced in already?
It's getting close to previous sell off zones. I would expect a bearish test during the Europe open, and depending on how that goes, either continue with the trend or sell off.
I'm starting to get the idea that until Thursday's ECB press conference, eurusd isn't going anywhere fast :/
Maybe news priced in already?
You're talking about the Asia - Europe switch over. 9am (gmt+2) is the Frankfurt open and 10am is the London open. So you have Asian traders that are wrapping up their positions and the first orders coming from Europe. This depends entirely on the ...