Long

Watching EURUSD Price Action at Demand Zones

I looking to see if there if there will be a reaction to either of these two demand zones at 1.1080 and 1.1040. We have the FOMC minutes released at 19:00 BST (later today) and on Thursday and Friday we will have Jackson Hole symposium. I'm not looking to trade until I see a bounce of either of these zones by way of a confirmation candle.

Note

FOMC Minutes just out and it looks like the committee said it would likely be appropriate to cut at next meeting. The EURUSD shot up. Hmmm. I will stand down but keep an alert on at 1.1080 in case the price enters my demand zone.

Note

I've updated my alert to a demand zone in the 1.1120 region.

ratcatcher

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ratcatcher