It seems that someone is accumulating EUR... but without conviction.
If the gold falls and the USD goes up, it should lower the EUR... but it's all frozen.
Last time we saw this kind of consolidation, London opened with a brutal breakout.
Everyone so quiet... I'm sure they're stuck in pointless positions.
Every time someone says the price is the only indicator, a trader dies from over-expanding.
I don't know about you, but I feel like a sniper waiting for the exact moment.
Today's Spikes smell like manipulation.
If there's no clear address, there's no operation.
You could sell 116.40 with SL 20 pips up and TP at 115.80. I see it viable with this structure.
My rule in Asia: If there is no sail of more than 15 pips in an hour, I'm going to have quiet breakfast.