Disliked@Forex147, if you are around could you talk me/us through your analysis for your long bias on E/U please, if you have the time. {image}Ignored
As for EU if you are asking why I was long biased on the first place?, kindly check page 103 for a detailed analysis. I went long with several positions at the area of 1.0960-1.0940. It was the low of yesterday and things went well from there till EU reached the 200 MA daily resistance today as 2 times and failed to penetrate, the 3rd time prices pushed a little bit beyond that line and started falling. At that moment I unloaded two thirds of my long position as prices fell back to the previous high @ 1.1040. Prices went down till it was halted by the TL and 100 day MA @ 1.0992. I added couple of positions at 1.0997.
After my boring long story the conclusion is that prices are capped btwn the 200 and 100 daily MAs. I don't like the price action and the reversal daily bar but again all is waiting for the ECB decision and I will wait till one of the MA raises the white flag. Cheers