Well, I guess the dips are being bought just as I suspected. I expect the price to move higher, but will stay flat for now. Its too risky to take any trades now if you are not already in a position. I am only looking to sell but at a higher price.
We need a close above 1.2739. That opens up 1.277xx where I will short when I see some weakness. The problem is the US holiday which will probably ruin todays trading for me. But anyway, I am flat on the EU and still have a short running on AudNzd...
Have PO on EU waiting at 1.277xx but seems like it wont get there. Got in AudNzd short @ 1.2765 with a 30 pip stop. I am looking for 200 pips. Lets see...