Recap: We apologize for any inconvenience but it appears quite a few PRO members did not receive the resistance break alert email yesterday when resistance broke. No big loss on this particular setup - you'd be a little above break even at the moment, but we are still investigating the root cause.
After the 200 pip drop to start the week bears have stalled out and allowed bulls to push the pair back up above 1.2600. The markets are at a bit of a stand still at the moment as the pair searches for its trend given the fundamentals (or perhaps a better way to word is: how the markets react to the fundamentals).
Today's Important News Events:
|01:30||AUD Reserve Bank Board June Minutes|
|08:30||GBP Consumer Price Index (YoY) (MAY)||3.0%||3.0%|
|08:30||GBP Core Consumer Price Index (YoY) (MAY)||2.3%||2.1%|
|09:00||EUR German ZEW Survey (Economic Sentiment) (JUN)||2.3||10.8|
|23:50||JPY BOJ to Publish Minutes of May 22-23 Board Meeting|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: We are currently flat and will look to get short on a support break if/when one develops with targets at 20/20/20/30 for 90 pips profit