Little short trade here off the top,going against the trend.
Gold starting to move higher again which should be a help to weaken $
Breakout traders taking advantage of 23300 ceiling
Can take another Long if it re tests last support level/Breakout.
Will hold this trade just to be safe I'm gonna move my stop up to 50% profit.
Up 10 pips so far on this easy to spot trade,not always as easy as this.
Looks like getting ready for breakout traders ,will look for support on re test of 23300.
Large options expiries later ,1Bn at 1.22000,that could be dragging us lower later,just be aware of it at 3pm.
Election having some effect on Euro,bounced off the SMA earlier ,having more effect on Italian stocks,Germany the main driver still.
Some selling off of Euro,this could play into election results tomorrow.