Euro has continued to hold to its range and I think this pattern will hold until Friday when the big-daddy NFP news hit the wires. Nevertheless, yesterday's rather lackluster price action offered us a lot opportunity of making profits from both directions. Although lately the clear winners have been always with those who were in the long side. Tonight we have ISM Manufacturing, which is forecasted to edge mildly higher. I've read somewhere that a large ISM surprise this time around is unlikely. So, expect the euro to make another assault targeting 1.3680 and beyond (if the news is worse than what market expects).
Euro masih kekalkan range nya dan rasanya akan terus begitu sehingga Jumaat ni menunggu berita NFP. Walaupun begitu, price yang agak lembap semalam menawarkan peluang yang baik untuk buat untung jual dan beli. Malam ni ada berita ISM Manufacturing yang dirasakan sedikit naik. Tetapi pendapat lain mengatakan ISM kali ini tidak akan memberi sebarang kejutan yang positif untuk dollar. Kalau begitu euro mungkin akan mencuba lagi 1.3680 atau mungkin lebih.
Whatever it is, always trade when you get the signals.
Sell 1.3680-90, 1.3715,
buy 1.3600, 1.3580, 1.3540-50
No comments:
Post a Comment