This one is a tricky pair but I like the current setup. I'm only looking to the upside here as the higher timeframe trend is up and I'm not interested in going against it. Hence, best plan here would be to use pending orders.
I don't expect a huge reaction from the CPI (pos or neg) but keeping in mind that BOE and SNB are both on the wires this week, I'd say this pair has potential.
Also if the Scottish Independence vote should end with a result that they'll stay in the union with England, Pound should get a decent boost and if that happens then the high of 2012 @ 1.5472 will be most likely be tested and taken out.
Time will tell. Watching.
I don't expect a huge reaction from the CPI (pos or neg) but keeping in mind that BOE and SNB are both on the wires this week, I'd say this pair has potential.
Also if the Scottish Independence vote should end with a result that they'll stay in the union with England, Pound should get a decent boost and if that happens then the high of 2012 @ 1.5472 will be most likely be tested and taken out.
Time will tell. Watching.
