Recap: Solid day across all the PRO pairs yesterday with 200 pips CLOSED (and another 20 or so still floating / aiming for more). It looks like June is about to get rolling, and just in time :).
For EU our long was triggered on the resistance break yesterday at 1.2543 (PRO emails were sent out at 9:20 UTC). It jumped 65 pips into the profit on the next 4h candle before it began to dip and hit our tightened SL for 30 pips profit. We were giving the pair room to hit our ultimate target of 90 pips.
Today's Important News Events:
|07:30||CHF Swiss National Bank Rate Decision (JUN 14)||0.00%||0.00%|
|08:00||EUR ECB Publishes June Monthly Report|
|09:00||EUR Euro-Zone Consumer Price Index - Core (YoY) (MAY)||1.6%||1.6%|
|09:00||EUR Euro-Zone Consumer Price Index (YoY) (MAY)||2.4%||2.4%|
|12:30||USD Consumer Price Index (YoY) (MAY)||1.8%||2.3%|
|12:30||USD Consumer Price Index Ex Food & Energy (YoY) (MAY)||2.2%||2.3%|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: With no solid S/R line on the charts right now we will remain flat for the day on EU. We are still bearish on the pair and accept more short-term losses for another challenge of 1.2400. We debated over whether to open a short at current price for another 90 pip drop but ultimately passed. Aggressive traders... :)