It’s 07:33pm GMT (Sunday). I just bought some kiwis at 61.72 against the yen. Trading in this forex pair opened with a small gap, the closing of which I doubt will happen soon.
Stop Loss: 206 pips away as per my trading plan
Target: Open
The US dollar recovered from an earlier dip against most major rivals yesterday following data on weekly jobless claims, benefiting from pressure on the euro after a report a German bank may issue more shares.
Right now (06:58 am GMT) trading at 1.2689
It’s 6:20 am (GMT). After yesterday’s bearish candle, I think we are set for a nice drop in the EUR/USD forex pair today. The 1.24xx level will be reached sooner than most of us expect.
The daily chart as of now:
The euro is trading in a relatively narrow range of about 50 pips against the US dollar. It seems nothing much is going to happen until tomorrow’s NFP, the market rattler.
The EUR/USD forex pair is changing hands now at 1.2825.
