We were still urging the Bulls to wake up but they’ve clearly hit the hay and remain in slumber – no entries.The market is One Direction (lateral) and not playing our tune. History (barring a rally today) will record this week as being all ‘down hill’. With an average range of 46 pips and Open Monday to Close yesterday of only 36 pips, that picture (like much of history) will not be a true reflection of what transpired. In reality, EUR/USD has travelled sideways, making our work quite difficult. Accordingly, the market refused to play our game and we recorded a very rare negative week. We will accept that as a loan to our brokers and seek to have them return it with interest, next week.
Very happy to have a few days off to break the monotony!
The Day Ahead
Occupying my mind with anything other than a boring market but with just a touch of anticipation of a new week and a moving EUR/USD.
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