...we had a spike up to 1.384, 10 pips from my watch zone, which then dumped down to 1.373. I took no action and the pair quickly continued upwards.
Thursday evening/Friday, I was watching 1.3965-1.40 for EUR/USD shorts. We saw price come up to 1.396 before turning downward for 60 points and then full speed ahead to make new highs. Again, no action on my part.
With the range of the last few months now broken, it's important to keep in mind what sort of trading environment we're in. Now being out of the range, I'm needing to depend on support/resistance from months and months ago and it seems to be that it's less reliable.
More on this later, enjoy the long weekend US, cheers to everyone else abroad.
