Recap: We remained flat (no new positions) yesterday, as promised, and good thing we did! We were leaning bearish but without good S/R lines to work with our system ultimately decided to stay on the sidelines which avoided a loss as bulls continued to push the pair higher.
Overall another profitable day for PRO pairs as we came out ahead 33 pips on top of the 200 pips netted yesterday.
1.2670 is short term key resistance for EU as the June high.
Today's Important News Events:
|02:52||JPY Bank of Japan Rate Decision (JUN 15)||0.10%|
|08:30||GBP Visible Trade Balance (Pounds) (APR)||-£8500||-£8564|
|13:55||USD U. of Michigan Confidence (JUN P)||77.5||79.3|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: With the weekend looming in front of us we will not open up any new positions but we are tracking a nice rising support on EU and, if we were in the markets today, we would look to get short on a support break targeting 85 pips. PRO users will still get email alerts for support breaks if you wish to trade.