EURUSD Update Friday
Currently Short EUR on this pair from 1.1657 as per last comment but it's not going very well.
Fed news was dovish enough to give the pairs some respite, for now at least.
Today's low is above yesterday's and it's enough to give the pairs a lift back to 1.16652
again and destroy the 23 pips profit if not taken now.
This gives us 23 pips (of stops) to play with for the next trade
So am closing out the short at current values (1.1636) and going flat across all the pairs for now
to take what few profits are still left on the shorts.
Still believe USD has much further to rise but have to accept, looking at price action over last
24 hours, that it probably won't be this week now.
Therefore prefer to flatten out across the all pairs and await next clear signal
Currently Short EUR on this pair from 1.1657 as per last comment but it's not going very well.
Fed news was dovish enough to give the pairs some respite, for now at least.
Today's low is above yesterday's and it's enough to give the pairs a lift back to 1.16652
again and destroy the 23 pips profit if not taken now.
This gives us 23 pips (of stops) to play with for the next trade
So am closing out the short at current values (1.1636) and going flat across all the pairs for now
to take what few profits are still left on the shorts.
Still believe USD has much further to rise but have to accept, looking at price action over last
24 hours, that it probably won't be this week now.
Therefore prefer to flatten out across the all pairs and await next clear signal