A little quieter overnight with no significant EUR economic news. After another quiet Asian session, thanks in part to China being on holidays all week, a favourite pattern emerged as the UK traders came on. The European traders had taken the EUR up starting their session and the UK traders took it down – through the Asian low then snapped it back up after luring in the breakout traders. Although neither of our targets were hit, we are always happy with 30+ pips.
Lots of economic news tomorrow…so be very careful with your trading… especially when the US session begins, as there is an ECB Press Conference and US Employment Claims.
Back tomorrow.
