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Recap: Unfortunately we took a 50 pip loss on our EU long yesterday as market volatility from the Fed minutes whipped us out of our position after only getting 5 pips into the profit.
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The market is still seeking direction, however we ignore fundamentals and trade pure swing technicals - which means we will look to get long on a resistance break.
Today's Important News Events:
| Date | Time (UTC) | Event | Forecast | Previous |
|---|---|---|---|---|
| There are no events scheduled. | ||||
| *To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar. | ||||
Trading Idea: We are tracking an aggressive falling resistance and will look to get long on a break with targets at 20/20/25/25 for 90 pips profit.
