Tis the season to be Holi…….daying and that’s pretty much what we got yesterday. EUR/USD ranged 22 pips and showed signs that the sun tan was being worked on. Not even a thought of an entry was contemplated.
DP has edged a little further between WP & MP but really (with such a non event yesterday) not a thing has changed. My bias remains Bearish though i must confess to being very cautious of an illiquid market that really is struggling in the vital signs department. My reaction to this compression is to ‘compress’ my risk on any trade I enter so Full Stake trading for me – is like the market – on Holidays.
The Day Ahead
Most days I can find a reason to be confident s nice move is just ahead. Today is NOT one of those days. Hot Spots await as usual so nothing will change (except maximum risk).
High Impact News – CET
|4:00pm||USD||ISM Non-Manufacturing PMI|
Trust your Tuesday is Terrific.