Joined Sep 2017
|6,619 Posts|Online Now
I hate it when this pair acts stupid. It's usually always so anyway. I have been short from 1.1195 and 1.1188 since yesterday evening and till now it's stuck. Typical robber bank signature. Lol... Again, it's instructive to note that price has been below daily pivot (1.1198) all day. It should fall to the depths at some point.
Scalping the range for now - but keeping an eye on the higher timeframe pattern (descending wedge) as my bias is towards upside as we go through the EU election period this month into next. But prepared for a move south if USD maintains it's 'strength' - looking at USDJPY in comparison, after a long up move - USD is rebalancing to the mean. So trading small until something on the 'fundamental' side gives impetus to any confirmed bias north or south. 1.11950 seems to be our rotational point for now.