EUR/USD on the watchlist for tonight...

...about the same levels as yesterday but I would like to see some continued EUR strength in order to short at the resistance range in the 1.333-1.3365 range. In addition, 1.3365 is the 50% retracement of the recent decline and as we've recently broken the uptrend, the 1.3365 price gives the EUR a chance to come back up and retest the bottom side of that old trend line before heading back down.

Chart below showing the levels...



What do you think?

April 7 action with EUR/USD & GBP/USD

I was up late last night, trying to catch bounces off support on the EUR/USD but ended up closing at breakeven for the night, only to see it rocket off support two hours later.

I had also shorted some GBP/USD yesterday morning yet again cut out early for a tiny gain.

I've had some trouble holding on to trades the last week, even though most of my calls have been spot on. Irritating and I look forward to getting over this. I'm trying to pick up my trade size as been trading a lot of 1/4 size positions, need to go 1/2 - full.