A 38 pip doji day is really all that needs to be said about EUR/USD yesterday. We gave the market a chance to come alive, looking to play cheeky Shorts to Daily Pivot (DP). Neither was triggered and both expired. It was a Monday Market and I’ll leave it at that.
The ONLY difference I see to yesterday, is that DP has been tested or more accurately – DP has tested the market! Pivots are Bullish in agreement with the Trend but still no pullback from Thursday’s explosion North. It being the day the powers that be have chosen to release the much awaited NFP (2.5 weeks overdue) figures, it’s not unreasonable to think Technicals are on hold, till after that News. For this reason, I have NO BIAS and will probably be on hold as well.
The Day Ahead
That said – should a decent setup present at a Hotspot, the semi-automatic sequence will begin BUT any entry will be at small stake.
High Impact News – CET.
|USD||Non-Farm Employment Change|
Terrific Tuesday all.