The US dollar is a bit up in a quiet and uneventful trading in the last 24 hours. USD\JPY went as high as 106.75 at the beginning of Asian trading session, and both euro and the pound have given some ground to the greenback.
I’m waiting for the volatility to pick up when London opens and hopefully we’ll some some spikes up on EUR\USD and GBP\USD charts – high enough to fill my orders. At this point in the contest I’m trying to be extra carefully, as I can probably get one of the top position with the balance I already have, so now, I don’t want to lose too much of it. On the other hand, I do see an opportunity to go long on the dollar. I think dollar buying will intensify tomorrow and that’s basically my strategy for this week and for the rest of the month.
I also set up new conditional orders to sell PLN against both USD and EUR. It appreciated too fast and both pairs are at strong support levels, so I think they will trade higher form there, at least for the next few days, until the prevailing trend is ready to resume.
I’m waiting for the volatility to pick up when London opens and hopefully we’ll some some spikes up on EUR\USD and GBP\USD charts – high enough to fill my orders. At this point in the contest I’m trying to be extra carefully, as I can probably get one of the top position with the balance I already have, so now, I don’t want to lose too much of it. On the other hand, I do see an opportunity to go long on the dollar. I think dollar buying will intensify tomorrow and that’s basically my strategy for this week and for the rest of the month.
I also set up new conditional orders to sell PLN against both USD and EUR. It appreciated too fast and both pairs are at strong support levels, so I think they will trade higher form there, at least for the next few days, until the prevailing trend is ready to resume.
