Good Day,

Some moves overnight, not massive moves but moves all the same. The interesting thing is that all the critical support and resistance levels have held so far. My big question is... will the hold in the North American session or will we bounce?

EUR/USD: 1.3475-80 has held very well so far. A break below should open up 1.3450 and then I think the bear flag formation that I have posted recently comes more into play with its measured move to 1.3250.

I am looking a t a lot of green numbers dotted throughout my brokers at the moment and I want to let these trades run as long as the EUR/USD looks to be heading lower. During the day I will add to profitable positions and maybe take some profits off the table at the same time and move stops to break even. I will tweet any changes that i make to current trades.

Overnight, I added to my EUR//USD short and added to the NZD/USD short and then removed 50% of my profits from the Kiwi after about a further 5 pip fall.

I am NOT looking to add risk and ahead of the RBNZ tomorrow I will be removing trades that may be affected by an interest rate hike.....AUD/NZD long and NZD/USD short.

Take care, be careful of false moves as this market has a habit of bouncing back strong from false moves.

Scott.

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