EU has been flying along with Gold, and with Dollar dropping. But it is now at a resistance zone with stronger one just above. Watching each Red zone for signs of rejection, targets in Green.
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Chart above is not live yet, but we did reject from resistance zone, and are approaching first possible Support
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Ping... perfect test of the 1.12531 zone boundary, wow
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Looks like we are going to bounce here a bit. So am hoping to see something like this red-squiggly arrow I have closed 80% of my short position, with SL at BE on remaining portion. Might add shorts again if behavior follows plan.
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Argh, horrible ADP payroll report out of US, so dollar taking a dive. Glad I closed most of the short, will probably get taken out at break even on the rest ....
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What a crazy ride this has been! Confirmed both resistances and both supports Now approaching an important support zone, going into ECB news. Lets see what kind whipsaws that brings.
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Whipsaw from ECB rate decision, but not as much amplitude thus far. Press Conference might bring some more volatility
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Nice Ping on support zone (helped by 1.125 round number) I am rather surprised by the continued validity of these zones after ECB whipsaws. And soon we will have NFP in a few hours, probably more stop sweeps in both directions. Best to stay out until next week after all of this sinks in.
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