Even an untested Daily Pivot huddled next to Weekly wasn’t enough enticement to wake EUR/USD from its weekend slumber yesterday. Two news announcements also had no impression and our only order of the day (re-opened after News) expired. If left open, the order would have triggered, delivered a TP1 & eventually a Break Even trade – 18 HOURS LATER!!! Nothing more to say.
The only change from yesterday is that Price Action has paid DP a visit. The question over 1.3700’s ability to continue repelling Price remains and recent activity suggests it will be asked again today. Pivots remain mixed, there’s no signs of reversal nor continuation and my Short bias begins to diminish without completely disappearing.
The Day Ahead
Convinced of absolutely nothing today – I await the lead from PA. I can see another test of 1.3700 however!
High Impact News – CET
|2:30pm||USD||Core Durable Goods Orders m/m|
|4:00pm||USD||CB Consumer Confidence|
Terrific Tuesday everyone.