Looks like the 1.38 area is a real battleground for both sides. Then again, most of these 1% change levels tend to be stall zones for price. I'm really tempted to just throw up a pending sell order and go to sleep in anticipation of the London/Frankfurt session. They still haven't had a chance to react to this news from Greece's PM that he'll put the latest EU leaders' summit proposals to a referendum. Price is still obeying this short term trend line and converging in a small area contained among some longer term trend lines. I'm still favoring shorts on this pair, and am hoping to get some higher prices at stiffer resistance to short but I'll try and get some decent entries. Had a couple trades earlier go awry on some bad entry points during a few ugly spikes. Just more evidence that trading without clear signals is just a bad idea.


No comments:
Post a Comment