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Hello traders,
This week is really driving me crazy.
Euro is trying to go up, slowly, slowly climbing the mountain and suddenly when thousands of bears pull it, it fells like a jump from bungee. The cable also is extremely bearish and is trying to penetrate to all time low. But the movement is so slow and it really happens as there are quantum levels set for each pair. For example - Euro 1.0626 range there 6 hours, and than there is the announcement of CPI and in several minutes we have level 1.0585 and again several hours range (very tight range in between 5-10 pips max) Everything is due to the fact that extremely important announcements are coming but really what is going on, should we trade only 1 day in the week and in other time only waiting (this is rhetoric question).
So what will it be?
Fed rise the rate or not?
ECB increase bond buying program or not?
I suppose the answer to both question is yes!
This week is really driving me crazy.
Euro is trying to go up, slowly, slowly climbing the mountain and suddenly when thousands of bears pull it, it fells like a jump from bungee. The cable also is extremely bearish and is trying to penetrate to all time low. But the movement is so slow and it really happens as there are quantum levels set for each pair. For example - Euro 1.0626 range there 6 hours, and than there is the announcement of CPI and in several minutes we have level 1.0585 and again several hours range (very tight range in between 5-10 pips max) Everything is due to the fact that extremely important announcements are coming but really what is going on, should we trade only 1 day in the week and in other time only waiting (this is rhetoric question).
So what will it be?
Fed rise the rate or not?
ECB increase bond buying program or not?
I suppose the answer to both question is yes!
