FX RAT Reporting for Duty.
Well Asia have done nothing with Euro all night
so we will have German Ifo news during the
European session to move this then finally
later on during the US session FOMC.
Very short term charts you'd have to say it
looks well supported and will travel higher
which I don't want as I've scaled in shorts for
the last few days and they well go today by the
looks of it back to the drawing board. For it to
look like a short term short it needs to start
trading under 13750 quick and stay under
there to be short on the short term charts and
happy
But short term charts dollar index looks well
supported ready for a rise. So maybe Euro will
start to drift lower has dollar index creeps up
again.
If it travels higher this morning I will sit on my
hands until this is resolved up through 138 and
off to 140 or down to 135.
Well Asia have done nothing with Euro all night
so we will have German Ifo news during the
European session to move this then finally
later on during the US session FOMC.
Very short term charts you'd have to say it
looks well supported and will travel higher
which I don't want as I've scaled in shorts for
the last few days and they well go today by the
looks of it back to the drawing board. For it to
look like a short term short it needs to start
trading under 13750 quick and stay under
there to be short on the short term charts and
happy
But short term charts dollar index looks well
supported ready for a rise. So maybe Euro will
start to drift lower has dollar index creeps up
again.
If it travels higher this morning I will sit on my
hands until this is resolved up through 138 and
off to 140 or down to 135.
rat