Some USD flows over the fix have sent EUEURSD back down to support

Some jumpy moves into the first fix of the month and USD flows seem prevalent. USDCHF took a flyer to 0.9740 from just above 0.9700 while USDJPY stretched up to 112.75. GBPUSD has found resistance at 1.3300 so is now testing the lows once more.

EURUSD managed to push through 1.1750 but then found another brick wall at 1.1760

EURUSD 15m chart 02 10 2017

I’ve taken a very small long at 1.1731 to test this support. I’ve got a stop just under 1.1720 but I’ll micro-manage that if/as it moves higher, or I may get out before my stops if the support goes and it all looks a bit dodgy.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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