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Trade Against The Retail Herd 9th Mar
What's new today?
Most pairs are currently having a breather in the neutral zone, with GBPUSD and EURUSD pulling back from the strong long zone we were in a few days ago. EURCHF despite a strong pullback is still hanging on in the short zone, CHF CPI at 3:15am EST could have an impact on this. The big news events of the day effect the AUD with a speech by RBA Gov Stevens and Employment Change/Rate at 7:30pm EST.
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Provided by Pivotfarm via the Technical Analysis bog
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Oh dear, there are so many little people short the EUR/USD, I guess I better turn in my short position, right away; but maybe I'll just let the market decide that for me, since I'm in the money !