EURUSD: closed long at 1.3148, +357 pips

23.55 bst

I’m not sure what caused the huge spike in dollar weakness as I was sleeping but EU has quickly reached a significant resistance at 1.3168 which is the 61.8 Fibo of the last move down. I didn’t expect EU to reach this level until Friday, but with more than 300 pips move for the day, I am taking profits and staying out of the markets for a while.

Closed EU long from 1.2791 at 1.3148, +357 pips.

Now flat in EU. Other pairs still open although the AUD looks ripe for a pause.

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