Offers at 1.3150 70 and 32
Bids at 1.3100 1.3065 and 1.3050
No one took the offers at 3150 yet, makes you conclude that run up was for the stops not exactly to a make direction bet.
bids at 3100 so we have some space between 3130 to 3100
Some basic orderflow analysis here Offers at 1.3150 70 and 32 Bids at 1.3100 1.3065 and 1.3050 No one took the offers at 3150 yet, makes you conclude that run up was for the stops not exactly to a make direction bet. bids at 3100 so we have some space between 3130 to 3100 edit: space filled.
yes but the problem is that this could have gone either way. Just some fool anywhere in the world remembers to take that 1.3150 bet for some dumb reason or someone needs to buy euros for whatever reason in a urgent way and it could have go up to fill those offers.
{quote} yes but the problem is that this could have gone either way. Just some fool anywhere in the world remembers to take that 1.3150 bet for some dumb reason or someone needs to buy euros for whatever reason in a urgent way and it could have go up to fill those offers.
Ignored
1.3096 has bn some good support within d week, lets see if it is dis time.
{quote} 1.3096 has bn some good support within d week, lets see if it is dis time.
Ignored
yeah
The big stops are at July 16 low, below 3050, if they are trigger some momento could set in for the 1.30.
A safe idea is to take longs after those big stops are run.
Or you could long at around 3050-60 and put a time stop, time stop ie, if it doesnt rally up, close.
There are no central banks talking for the rest of the month until mid august, this means that no new information is expected to come for the bets that are in place right now on euro and other currencies.
This means that stop runs are going to be important drivers for price moviments, and its summer it becomes easier to do that becase of low volume.
This will just range if no new information arrives during this month
