Just got back from a function.....and where are we now? Oh..I haven't read commentaries regarding last week's market action to be able to conclude or predict where market is heading next week. So I'll just give my two cents instead..
I think our wounded euro will be trading between 1.3070-1.3150-60, and longs (buy) can be initiated around 1.3070-80. But medium term bearishness is still intact for the euro, unless it can break the 1.3180 resistance line. Our calendar next week is pretty light, we have some second-tier reports, CPI, PPI, TIC, Retail Sales, Empire Index, and Consumer Sentiment. Next week however presents good opportunities for two-way trading, play the range, babe!!
I think I want much-needed rest next week, go holiday and channel my focus back to my personal life.
So tired and sleepy right now. I'll be back maybe on Thursday or Friday,..
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