I agree with 1200 being a hard resistance. But as you said... really the problem is there's a 100 pip from here to there. Short term wise, the bulls have the initiative. But we'll see what happens. Lots of news coming out soon. Nothing may matter.

The Swamp

We didn't make a lower low. We also made a higher high. We have some 'w' price action. Having a long bias would be safer. However with so many major news event coming up, everything might change. For now, I'm buying dips.

The Swamp

Looks like it.

The Swamp

bears are starting to come out again at 1.1097. Bulls need to close above 1.1103 for any meaningful chance to go higher.

The Swamp

Bulls won. 1070 defended. shall we see 1120? If we close above 1103, we get a higher high. Edit: Bulls need to hold price above 1082. Else bears are back in business.

The Swamp

1h stop holding on by 1 pip. Wait 1 more hour to see what happens. edit: 1h back to downtrend. But don't feel like shorting at these levels.

The Swamp

1h uptrend stop @ 1.1084 Resistance zone @1.1103-1107 Technically we don't have a higher high yet. And I don't think we have a clear higher low yet. But we did close significantly higher than Friday. This means bulls and bears still have to fight it ...

The Swamp

I concur with the analysis. But with a slight bullish bias. The flow suddenly turned bullish for some reason. Maybe it's the options pull. A new direction might emerge after 10am est.

The Swamp

The 1 hour stop held by a pip... Give it 1 more hour to decide. But bears don't seem to be defending at all...

The Swamp

question: When does options settle now? Is it still est 10am? Coz dst and all that...

The Swamp

1.1097 needs to be defended by bears. Close above would reverse 1h to uptrend.

The Swamp

cash out half 1.1094 let the rest run. Have tp set at 1084 for the remaining. And with that, I'm done for the week.

The Swamp

yea. Just wondering if I should cash out now or try to be greedy with it. I have my stops at break even... Price right now really kinda 50-50 to bounce up or resume down.

The Swamp

dono... indicators all saying it's a short. but price bounced... maybe im greedy

The Swamp

do you guys think bears have to power to push this below 1093?

The Swamp

Stuck in no man's land. Nothing to do now but wait. Maybe options will pull it down. Easier to hit 1100 options than the 1150 one. Until then going to chill a while.

The Swamp

Hopefully price will revisit that low again before really going up (if it even wants to). Coz if it doesn't, that yesterday price action pulled a cheap shot on me.

The Swamp

short eu 1.1120

The Swamp

stopped. Will wait and see.

The Swamp

Short 1.11083 sl 1.1114 Very tight stop. Just in case wrong.

The Swamp