The inverse head and shoulders played out to the measured move with weakness creeping in since the Asia session.

 

Difficult to draw any conclusions before the Jan CPI report. I will be keeping things tight and going for small fish until the US session. 1.2400 and the 38.2% area of the February swing low will be my ‘line in the sand’ for a continuation of strength seen in the pair the last two days.- You don’t need me to tell you this yet I’m going to say it anyway …………….Be extra careful of the pending data release. Markets are on a knife edge and understandably nervous on account of the recent equity correction and yield moves.

Ryan has highlighted some large option expires here.  Note that these are for 10:am NY ( 15.00:pm GMT ) post data.

 

 

EURUSD Hourly

 

 

 

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

Pin It on Pinterest