How to trade the EUR now

London closes at 11 EST. I think we'll hit 3100 in due time.

 

1.3031 short, stop @ 1.3060
target 1.2960
wow, already 10 pips profit

 

argh, something tells me my target will be hit in 10 to 30 minutes from now!
its 100% evident the uptrend in over now.

 

oh look here's the TL now.



edit: and there is 3100.

excellente.

 

... and I'm still long from 3096. Limit set at 3211. After that, I am actually going to go short for a change. Sell order set at 3214.

 

EurUsd continues to press on the resistance of 1,308, but the hourly and daily oscillators are coming close to the overbought. The ECB is preparing a European QE???

 

Another top for EurUsd at 1.31 (third day). The oscillators are approaching the overbought zone and the feeling is that tomorrow the fall will resume…

 

3rd attempt today to break 3100
even if successful, it won't last for long.
probably 20 minutes or so

 

All oscillators in overbought before the ECB. Trying the short EurUsd is not a bad idea.

 

Agree, this looks like a great place right at 1.3158. I'll put my stop right above 1.32. 150,000 units.