Dears,
Day after the ECB, Friday, no important fundamentals ( Eur & US PMI wil not add volatility, while could show direction) - do not expect big moves, in exception of situation if someone bored and big will get bored and kick out some retail player(therefore SL could save some capital). Basically yesterday chainsaw move was retail player disaster, for some for sure. Some even did not understood why . But back to plan of today .... 1.1310 today high which most probably will remain, as the trend is bearish. As per AO indicator, where even yestarday ECB rocket did not moved it to bullish side, RSI and Ichimoku - all points down trend.As well we are under 50 sma. Therfore I would sell on rises in the trend. While do not expect drop today till 1.120 , but that could be next buy area, but as for today 1.1260/50 could be today lows.
But thats mine opinion, and always when making your trades use your own heads.
Have a nice day and weekend too !
Day after the ECB, Friday, no important fundamentals ( Eur & US PMI wil not add volatility, while could show direction) - do not expect big moves, in exception of situation if someone bored and big will get bored and kick out some retail player(therefore SL could save some capital). Basically yesterday chainsaw move was retail player disaster, for some for sure. Some even did not understood why . But back to plan of today .... 1.1310 today high which most probably will remain, as the trend is bearish. As per AO indicator, where even yestarday ECB rocket did not moved it to bullish side, RSI and Ichimoku - all points down trend.As well we are under 50 sma. Therfore I would sell on rises in the trend. While do not expect drop today till 1.120 , but that could be next buy area, but as for today 1.1260/50 could be today lows.
But thats mine opinion, and always when making your trades use your own heads.
Have a nice day and weekend too !