Anything goes...
For me at these levels
- Short the EURUSD in the 1.2087-92 area with risk to 1.2102. I gain more confidence for a move toward the 200 day MA at 1.2008 if the 50% midpoint of the move up from the November low at 1.20538 is broken. I would rather be short vs. long.
- I have to sell the GBPUSD below the double bottom at 1.3711. Risk 20 pips. Right here at 1.3766, I am neutral. The technical picture gets more bullish for a corrective trade higher on a break of 1.3778 with 1.38208, and 1.3854 as the next corrective targets. The risk would be the 1.3758.
Feel free to add your own thoughts and trade ideas.
