Hello traders and welcome to a new trading week as we start we have very little data today really nothing to mention. I will say we have Hong Kong, Japan and Canada off today in the markets today. This will be a technical trading day today and should be fun..Nice change.
OK let us get started as we do every monday we look at the EURUSD I have to say nothing much going on with this. My bias is this pair is bearish and all I want to do is sell this on pull backs. So let us take a look I want to enter the trade at the resistance level of 1.1192 after we have a nice bearish formation for the entry. I would look to take profit at the support zone of the 1.1101 ot the 1.1145 price levels. I have to say traders I am not sure this is going to work today, I am positive and ready if we get the signal.
Thank you traders and we will talk soon……William