The pair has been trading in a very narrow range and we have created logical stoploss areas on both sides for short-term positions. When the volatility kicks in and price starts to spike, we could take out both sides easily before going anywhere at all.
Price action in the last 9 hours has been bullish and it might be somekind of a sign of positioning for the event, but on a bit bigger picture, euro is still under pressure. Hence, I'd say the picture is extremely mixed in short-term.
Price action in the last 9 hours has been bullish and it might be somekind of a sign of positioning for the event, but on a bit bigger picture, euro is still under pressure. Hence, I'd say the picture is extremely mixed in short-term.