Earlier I posted the EURUSD order board highlighting the offers at 1.1130-40 and the techs are confirming its key area status
As Ryan has just highlighted.
After early wobbles to 1.0990 and more since, despite the SNB making their intentions clear, we've now climbed all the back to 1.1140. The full retracement is still a few pips short but to me it shows that sellers are not going to hang around to get short/shorter or take profit on longs. 150 pips up so far this session is beyond a lot of traders expectations and hopes
And bingo, we're now at 1.1107 again
I said this morning that we should expect good two-way business but caution and disciplined are essential tools for trading.
I see nothing to change that view
