7/19/2018 session3:
it is clearly a down trend for Euro at the moment.
short 1 lot to test water.
73% chance it will closed out of the red box.
i would rather to see a rebound above 1.1733 (Sep 6E contract) as the volatility can bring better risk award ratio.
this probably will not happen because .DXY is quite strong.
only the change of market sentiment will reverse this trend which i donot see any so far.
update: 0338 est, close the short, turned to long, as there is no bad news.
Euro may find some balance before the further selloff.
it is clearly a down trend for Euro at the moment.
short 1 lot to test water.
73% chance it will closed out of the red box.
i would rather to see a rebound above 1.1733 (Sep 6E contract) as the volatility can bring better risk award ratio.
this probably will not happen because .DXY is quite strong.
only the change of market sentiment will reverse this trend which i donot see any so far.
update: 0338 est, close the short, turned to long, as there is no bad news.
Euro may find some balance before the further selloff.