eurousd updates

Again, I’m not ruling out another run to the 1.6000 level but in order to get there, we’re going to have to sustain a break of some key resistance levels. The first of which is the 1.5880 level.

The 1.5780 is the first that has some decent support. There will be some big stops sitting below the 1.5750 level, all the way down to the 1.5700 level. I have no idea what the “trader sentiment” is in the retail market, I have no idea what the other forums, blogs, and traders are saying.

I’m still short at 1.6019 and 1.5925 and will hold for now.