DislikedMorning all,
Consolidation day today IMO...with a chance for EUR to gain some temp ground in a still bearish trend.
No major econ news, only German data (11am GMT) & Oil (3.35pm GMT)
Forecast:
Europe Session, will try to remain above Daily Pivot (1.5491), Resistance at 1.552, failed break once today but another attempt possible...if it breaks then 1.555 - 57 would be maximum break out target upside.
If we go under Daily Pivot (1.5491) bottom target at 1.545 (Support) with possible break out scenario to push lower...
Overall range between 1.545 - 1.555 could offer some good trading opportunities both ways
Bear in mind, like I said yesterday, Market awaiting rate decisions on Thursday, so downside pressure is likely to remain
As always...Just my 2 Cents...Ignored
What do you see for tommorrow with the rate decisions .....
what is the level it needs to break to put it in the bullish mode again if there is any good news about rate decision ??
Cheers
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh