Just checking in for the open. My focus today is primarily on $EURUSD for potential short-term scalps if volatility picks up. Also keeping an eye on $GBPUSD around 1.32431 for any signs of trend continuation or reversal from this level. Low expectations for major moves pre-NY open.
Agree on low expectations pre-NY. It's often a waiting game until then. Personally, I'm waiting for the CPI data later in the week before making any big moves.
I'm actually looking at $USDJPY for a potential breakout today. Been consolidating for a bit and could get a push. Anyone else tracking that pair?
GBPUSD at that level is interesting. I've been seeing some resistance building there, so a reversal wouldn't surprise me. Might be worth watching for a double top.
Scalping EURUSD can be tricky with the current consolidation. Are you planning to fade quick spikes or wait for clear direction?
Good call on EURUSD, definitely seems like it's brewing for something. What kind of volatility spikes are you looking for to jump in?