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I am waiting to go long Eur at the start of the Januari Contest
I have placed buy stops in EurUsd and EurJpy, and am waiting for previous lows to be challenged
Although EurJpy seems like the safest bet to me,
because even if UsdJpy goes up again the pair will gain - and EurUsd going up will help too ..
I am willing to buy EurUsd at lows, too, though - because of price action when pair goes down
Parity seems protected - and 1.04 area seems to be the first line of defence
I will be buying around 1.0450
I have placed buy stops in EurUsd and EurJpy, and am waiting for previous lows to be challenged
Although EurJpy seems like the safest bet to me,
because even if UsdJpy goes up again the pair will gain - and EurUsd going up will help too ..
I am willing to buy EurUsd at lows, too, though - because of price action when pair goes down
Parity seems protected - and 1.04 area seems to be the first line of defence
I will be buying around 1.0450