I think the psychological barrier that 1.300 played in terms of being a bounce point for any descent coming from 1.39, 1.38 and particularly 1.36-1.34 has now been wiped out. The fundamentals have been absorbed and I take note of the Swiss and Yen effect on the EUR.
I would be looking to capitalise on the break of 1.30 and be entering as close as possible to 1.30 within safety of your SL because projections all the way down to 1.28 and 1.27 now don't seem like fairytale possibilities. Whether it bounces higher than 1.30 is the risk, but that can be easily managed given the opportunity of 300-400 pips towards 1.27. Heck, you even have good ole MaxDoom projecting 1.21 / 1.16 / 1.12 and 1.08 (near parity) .... and Max's predictions have above 90% accuracy based on tech and fundie. So today is a watershed moment. 4th September - shouldn't really be a surprise as these things tend to happen in Sep and Oct.
I would be looking to capitalise on the break of 1.30 and be entering as close as possible to 1.30 within safety of your SL because projections all the way down to 1.28 and 1.27 now don't seem like fairytale possibilities. Whether it bounces higher than 1.30 is the risk, but that can be easily managed given the opportunity of 300-400 pips towards 1.27. Heck, you even have good ole MaxDoom projecting 1.21 / 1.16 / 1.12 and 1.08 (near parity) .... and Max's predictions have above 90% accuracy based on tech and fundie. So today is a watershed moment. 4th September - shouldn't really be a surprise as these things tend to happen in Sep and Oct.
A pip is only worth it if you know how much you risked to earn it