Monday 31 August 2015

EURUSD back above 1.1200 after probe below

It's all pretty slow stuff for the euro

A dip below 1.1200 didn't last long and the buyers have taken it back above, albeit by just a few pips
1.1210 provides resistance ahead of 1.1230. We may seem some minor resistance at 1.1220 also
EURUSD 15m chart
I've taken half of my shorts off seeing as the inflation numbers weren't worse than expected, and the fact that 1.1200 seems to be putting in a brave fight. I'd rather bank some and lock the profit in on the rest than sit here for hours watching my gains erode

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