So long as we keep getting white one´s I stay bullish, also think it could get interesting around 1.0300 mark. Credit Suisse Economic Expectations up tomorrow.
Hi there,
What´s your plan here? It this an intraday move you´re after? Your stop looks a good measure off/what´s your R for this trade?
I see a first level of support around 1.0180 and if it breaks, I really don´t see a daily close soon below the big white daily you have on your chart at 1.0150. But, maybe I´m missing something.....best of luck with it anyway. Maybe you give give us your thoughts.
Fundamentally too, I think there´s a good chance that the Labour-Tory talks on a Brexit way forward could break down, so I be very catious on eur or gbp.
Edit: Okay, positive news this morning coming from the Tory-Labour talks, looks like it´s moving forward afterall. Let´s face it both parties know they would get hammered in the European Elections, so it looks like they´re hell bent on avoiding it at all costs. Good for a bit of risk-on.
So price is stagnating around 1.0150 an 1.0200. My Trade Triangle is tightening with price looking like it has a better chance of falling than rising. However, that is always news dependent. PPI and CPI coming this week for USD with not much of a surprise expected. The CHF only has Unemployment this week on Tuesday. That announcement also not expected to surprise much as it rarely does. Waiting for a break either way but more expecting a downside move.
