I believe the move lower yesterday, is part of a much needed retracement. Needless to say, Friday is the profit taking day..
Break above 1.6000, I would not recommend staying long EU due to the risks of intervention.
At the same time, I would not go the other way (short) in anticipation of intervention, but instead look to get short if/when intervention does occur.
Break above 1.6000, I would not recommend staying long EU due to the risks of intervention.
At the same time, I would not go the other way (short) in anticipation of intervention, but instead look to get short if/when intervention does occur.
"Building Wealth By Confidence, Consistency, & Compounding"