Sitting right at the top trend channel, showing some upward momentum. There isn't much for me to assume from my models at current levels. If momentum persists R1 is an easy target (< ten pips). R2 comes in at 1.1666. If the Index get's a little more lift it could push the EURUSD higher, but right now it looks stagnate. I actually thought last night the Index would be the catalyst for the pair testing the upper channel. I was right and wrong at the same time (funny how that works). Not a lot to add this is basically no-man's land for me still. {image}...
{quote} Trade would be +90 now....not bad for a 5 pip risk. The issue I see developing is I expect 1.1513 to be hit too before any 1000 pip runners... Maybe 1.1695 would smack it back down or 1.1881...that's a real big one. I just opened a small short that could possibly reach 1.1504. Lots of information to processThe bolded numbers are important though....if 1.1881 is hit that's as close as my system can get to guaranteeing 50+ pips. It's like when 1.1560 was hit. Anyways, good luck today guys, unemployment will set the tone but nothing unexpected should happen....employment is stable in USA
set to break even...it's a small one so we'll see if it goes the distance, I'm not so sure it will.
