EURUSD
The EU moved sideways yesterday, however the intraday balance of power lies with the sellers and if they are able to strongly push past 1.26300 I will drop to a lower timeframe to see how price is moving. I will also keep in mind that the 1.26000 did cause a bounce on last Friday's trading.
***ECB President is due to give a speech at the ECB's Statistics Conference in Frankfurt in a few minutes.
GU
Sellers are in control here and if another push below 1.58800 is made I will look for another Sell Set Up.
The EU moved sideways yesterday, however the intraday balance of power lies with the sellers and if they are able to strongly push past 1.26300 I will drop to a lower timeframe to see how price is moving. I will also keep in mind that the 1.26000 did cause a bounce on last Friday's trading.
***ECB President is due to give a speech at the ECB's Statistics Conference in Frankfurt in a few minutes.
GU
Sellers are in control here and if another push below 1.58800 is made I will look for another Sell Set Up.