Circa 7.20 Local time market hit a low of 1.9671 Here volume came in and the market started to move up. No surprise it moved to probe the underside of the 90 range at 1.9728 before falling again.
I still feel that 180 pips from the high this morning is a possibility.
Personally I would not feel to comfortable with a long trade unless the market moved back above the 90 line at 1.9728.
May 29th, 2008 at 7:36 am
Circa 7.20 Local time market hit a low of 1.9671 Here volume came in and the market started to move up. No surprise it moved to probe the underside of the 90 range at 1.9728 before falling again.
I still feel that 180 pips from the high this morning is a possibility.
Personally I would not feel to comfortable with a long trade unless the market moved back above the 90 line at 1.9728.
Have a great day.