Traders are indecisive right now wiggling around 30 pips. I think it's trying to find a new pair.
UJ is moving exactly the same as EUSD. Traders will be playing it safe for now and wait for the next big move.
Strong resistance level at 124.55 and we saw it bounce back up at that resistance time and time again for the past 48 hours.
EUSD is also behaving the same way as it get stopped at 1.0933 resistance.
For UJ we may see the last short of the pair down to 124.20 before it stays above 124.55 for awhile. The same will go with EUSD we may see it break above 1.0933 to 1.0980 before going back down to 1.0860
Not sure what's going on so I'm going to sit this one out and wait to see if I can catch a rally soon, perhaps tomorrow..
UJ is moving exactly the same as EUSD. Traders will be playing it safe for now and wait for the next big move.
Strong resistance level at 124.55 and we saw it bounce back up at that resistance time and time again for the past 48 hours.
EUSD is also behaving the same way as it get stopped at 1.0933 resistance.
For UJ we may see the last short of the pair down to 124.20 before it stays above 124.55 for awhile. The same will go with EUSD we may see it break above 1.0933 to 1.0980 before going back down to 1.0860
Not sure what's going on so I'm going to sit this one out and wait to see if I can catch a rally soon, perhaps tomorrow..