Another Bungee day for EUR/USD as the Bears extracted 13 pips from a range of 98 pips. PA remains reluctant to stray from 1.3815 and our long term Resistance Trendline and more importantly, refuses to entertain our orders. Again, we saw an opportunity to enter Long but the order expired well before the buying began – AGAIN, late in US Session. No entries.
WP and a tested DP have seperated a little but the Pivot formation remains mixed, giving no assistance in the pursuit of market direction. As you would expect, yesterday’s near doji day has changed nothing more and my bias remains in the balance.
The Day Ahead
I’ll change nothing and place an order, if I get a signal. Long or Short? Either is fine!
High Impact News – CET
|1:30pm||USD||Core Durable Goods Orders m/m|
Wishing you a wonderful Wednesday.