Euro is literally unchanged. And the dollar is still fighting tooth and nail with euro, trading stricly within 1.3625-1.3605 band range. The market will also be awaiting the outcome of the ECB meeting tonight to spark some interesting moves.
Today's Pivot Points:
R3 = 1.3652
R2 = 1.3641
R1 = 1.3625
PP = 1.3614
S1 = 1.3598
S2 = 1.3587
S3 = 1.3571
Today's Calendar:
1- ECB Interest Rate Announcement 7.45pm
2- US ADP Nonfarm Employment Change 8.15 pm
3- ECB President Trichet Speaks 8.30 pm
4- US ISM Non-Manufacturing Index 10.00 pm
Today's Strategy: (I prefer to short euro, what's your bloody excuse, eh?)
1- Asian high low breakout.
2- Waiting for a sell signal from the Cornflower setup.
4- Buy on dip, 1.3585, 1.3560, sell on peak, 1.3625, 1.3645.
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