The EUR was unable to stay above its Asian high and with a 10 pip stop loss a short is taken. Price moved down to the Asian low and pushed right through it before coming right back up where we exited. After what the next lower high, we went short again only to be closed out on a second bounce as price came back up to the Asian low once again.
Tomorrow is the main risk event of the week with ECB President Draghi speaking. Will he assure the market that the ECB will continue with QE going forward to stimulate the economy? We are about to find out what the market thinks of his latest assertions.
Good luck with your trading!
Back tomorrow if we find a trade.
