Yesterday’s positive candle stands out like on sore thumb on my ‘riddled with negativity) trading charts. As sure as God made little green apples, so too the market must rest. At this stage, that’s all that has happened and to be Bullish EUR/USD is not on my radar. Fundamentals have contributed to the stalling of the market ECB Statement yesterday/NFP today) so there’s not much to be read into yesterday’s buying which saw a gain of only 46 pips. The pre-news market was non existent and no entries were considered. A very quiet NFP week for us but positive nonetheless.
It’s NFP day – enough said.
The Day Ahead
There’s a nice little spot down on the Lake that serves icy cold beer. After a beautiful Aussie Spring day – it’s definitely the Play of the Day and I’m headed there right now! Come on down.
Have a great weekend.