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I see 3350 area looking a lot like resistance . The september low and sundays gap are all providing resistance . Price hasnt closed above the february low / daily resistance so could get bearish right quick like .
I agree. I think there is still a probable chance to poke above 3400, just because, but I still believe we will end the day down. I said yesterday 3150, but with today's sideways range bound move that is a bit out of reach most likely, so 3200 for starters, followed by 3150 by Friday.
I know nothing about that secret sauce CD stuff. So maybe I miss the point.
I dont think that such a little divergence on a one minute chart at premarket on a day with EZB decision has any meaning.
Its still jabbing at 3400 from below . NFP is tomorrow along with the unemployment rate so many forex traders are waiting to put on new positions . Good idea to avoid being shook out by that kind of news .
Id be interested in getting short if we close below this support here . Would make sense and maybe take it down to 3150 area . Wide range bars herald the start of a new bias and the end of a bias the vast majority of their occurences .
I am cautious on such EZB days. We had a move down from 3350 to 3307, then up to 3395, now down 3286.
For me this is not normal PA, just volatile pre EZB stuff.
Decision in about 15 minutes. Could be very volatile. I stay out and looking for second push.
Me too . This kind of news week makes trading altogether difficult . My best results occur during more quiet periods . If I had to guess , I would say the big influential players (banks etc. ) set up the playing field when its quiet and sweep out the smaller players when news events have them vulnerable I.E. - confused,edgy,scared.