Hi guys, the current price action for the EURUSD is pretty flat. We have equal wicks on both the top and bottom of the 1 hour candles. Energy is building and it will break out sooner or later, but we don't know exactly when until it moves. A lot of folks are say buy or sell right now, but I am going to sit and wait.
I would love to see a break below up trending support. If the pair pushes long, I won't enter until there is a clear break above the 1.0630ish area. Even then, there are a lot of pivots and other issues to slow a bullish move. For now, the cleanest move would be short (which means it will probably go long, haha).
We are basically sitting on the daily pivot right now. The pivot range is 1.0688 to 1.0486. Strong support near 1.0555 and loads of little resistance points up through 1.0620. Now we wait...
I would love to see a break below up trending support. If the pair pushes long, I won't enter until there is a clear break above the 1.0630ish area. Even then, there are a lot of pivots and other issues to slow a bullish move. For now, the cleanest move would be short (which means it will probably go long, haha).
We are basically sitting on the daily pivot right now. The pivot range is 1.0688 to 1.0486. Strong support near 1.0555 and loads of little resistance points up through 1.0620. Now we wait...