Closed EURUSD @ 1.3014, -23 pips

16.05 gmt

EURUSD is in a tight range but the fact that it’s unable to move down even with all the bad news out of Europe means it is likely to go higher. The system has not yet generated a long signal, but with the USDJPY short signal I think we may see a bout of dollar weakness, i.e higher EURUSD. I am closing this short but not going long EU yet.

Closed EURUSD @ 1.3014, -23 pips, -2.1%.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s