Referring to the hourly chart here, there is a solid WRB there, OK it was there as a consequence of the CPI, but I believe it would be ~30% probable for that WRB's low to be broken today anyhow. Next resistance on 240 is 85 pips away and MACD is edging higher on 240 also, slightly
My 60 minute chart says long so I will stay that way for now and add if we get up to those levels that I mentioned in my journal 1.32570 and 1.33110. It would be nice if the 240 could come along for the ride--I would feel better, but it lags the 60 and 10 so maybe it could join up later--
Could you post your 60min ? I can't see anything bullish in it yet. I think this morning's move was a great opportunity to short some more... Edit: but I have been wrong many times before, so my statement above can be seen from a very very very humble perspetive..=)
I won't hesitate to buy again if the hourly shows strength again. This is one of the reasons that I had my entries on buystops as he market would move up. In this manner I did not get a huge position on that would reverse and whack me today.