Good morning traders.
Ok EURUSD rallied yesterday despite good US data. DRAGHI speaking did not have much effect on the markets at all which is unusual. This may indicate pressure on the EURO.
There is a lot of GBP news today. Of special note the GDP estimate at 3pm. Note that the UK has had very good GDP for the last few reports and I would expect the estimate to reflect that. So I would expect some strength in GBP today to continue yesterday’s fight against the EUR.
I’m selling EURUSD at the moment only because I feel that this up will return to the bearish daily trend.
If you have any questions or comments please post them.