EURUSD back down to 1.2200 after an overnight sortie to 1.2300

Last night’s run into 1.2300 looks more and more like a barrier/stop flush as we trade down to 1.2197. Yesterday we ducked under the big figure by a handful of pips. We’ve pretty much matched the low yesterday and there is some wriggle room down to 1.2185/90 before thinking about seeing a deeper move south.

EURUSD 15m chart

EURUSD 15m chart

We’re not seeing much of a driver from the dollar side of the trade and the euro is looking soft in the crosses. EURJPY and EURGBP are both on session lows.

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

Latest posts by Ryan Littlestone (see all)

Pin It on Pinterest