I’m hearing about good selling again this morning between 75-80 as traders play on the 1.5700 barrier holding for a while longer.
These same sellers though are adding to the stop loss orders building up if 1.5710 is breached so will accelerate the move higher should they be triggered.
Also hear that the dips are being lined up with increasing buy orders at 1.5650 and below.
Delicately poised then with both levels relatively close. I’m thinking we won’t see the decisive move ahead of FOMC but we can but hope at least, for all of our sanities!
This malaise leaves me very neutral and somewhat chomping at the bit, but I don’t see the value in diving in here on either side
Currently 1.5674
