Dynamic Trader Forex Blog FXCPS.co.uk: EUR not sure ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

I have just returned from London a short while ago and have not had much chance to follow the markets today. I see our cross has produced a GREEN candle today after initially trading down.

This has taken the price back to a Fib breather level, which maybe the need before retesting the support of October 08. Early trading on today's candle are Bearish.

We have key news out tomorrow with the UK interest decision and on Friday NFP for the USD. Both these news items could effect our price in the trade. Please manage your trades closely.

MACD histogram and signal line are looking very flat at present, indicating a period of consolidation likely.

Please do your own analysis before trading.