EUR - did not close the long but it could have been a very good idea. also good level to short
For gap if t's up i will close them or/and try to short. 1.103 area -
other scenario is that range still in place and we go up - Monday also meeting with Brexit - in the last few days any announcement of a deal moved both pairs against USD.
GU - again hard hit on those 1.25 and up levels - can go imho to 1.27 but clearly 1.25 acts like a big resistance now.
on the downside if it breaks 1.245 next stop would be near 1236
also on RISK clouds are coming on different levels. China, tariffs. Saudi, Middle East, Recession Fears. SPX 2950 area support. would look bearish if it breaks. also careful with all the gloom and doom we are at all time highs. USD/JPY and USD CHF dropped in the last hours,
My range theory is supported also on USX 4h looks very clear here and also if you zoom out charts to weekly and monthly
One thing to keep in mind - if it's something global all central banks have connection with each other and they are trying to preserved growth So while looks like a competition don''t forget what happen on every slow down between them every 4y or so. or the last big recession in 2009 they all acted together and kill a lot of traders.
For gap if t's up i will close them or/and try to short. 1.103 area -
other scenario is that range still in place and we go up - Monday also meeting with Brexit - in the last few days any announcement of a deal moved both pairs against USD.
GU - again hard hit on those 1.25 and up levels - can go imho to 1.27 but clearly 1.25 acts like a big resistance now.
on the downside if it breaks 1.245 next stop would be near 1236
also on RISK clouds are coming on different levels. China, tariffs. Saudi, Middle East, Recession Fears. SPX 2950 area support. would look bearish if it breaks. also careful with all the gloom and doom we are at all time highs. USD/JPY and USD CHF dropped in the last hours,
My range theory is supported also on USX 4h looks very clear here and also if you zoom out charts to weekly and monthly
One thing to keep in mind - if it's something global all central banks have connection with each other and they are trying to preserved growth So while looks like a competition don''t forget what happen on every slow down between them every 4y or so. or the last big recession in 2009 they all acted together and kill a lot of traders.
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