Looks like Euro is in a range on the 4 hour chart (pink rectangle).
green candles have just broken past the 23.6% fib level, and looks like we may just see the pair hit higher up again.
Now i overall still think Euro is bearish, so selling the pair at 1.3469 levels looks like a good level to sell.
But as always i'm going to keep a watch on this, because markets are thin at the moment and there's a chance we could see a breakout. It's Friday as well, and i'm always extremely careful in opening a new position.
What's do you guys think?
Looks like it could go either way. I'd wait for a breakout. :)
ReplyDeleteYup a breakout sure did happen. Good thing i didn't enter into a range trade!
ReplyDelete