Looking for a potential move up into the 0.9670-0.9680 area in order to possibly get short this pair should my entry conditions be met in this zone.
The USD continues to weaken as we see this continued risk off sentiment from the equity markets. USDCHF, USDJPY, XAUUSD could all be in for further extensions in the short term. We'll have to wait and see what the US CPI number is in about 10 mins time to see if we can find some additional directional confirmation.
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Slight miss on the US data. Prev: 0.1% :: Exp: 02% :: Actual: 0.1%
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Might not see this one come all the way back up to my level before it continues downwards given the sentiment at the moment.
Not to worry, there are always other opportunities to be had. Never force it!
Have a great weekend.
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Orders filled - Trade now active.
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Stopped out of this trade. Never really went in our direction, helped with a little bit of renewed USD strength overnight.