The Reserve Bank of New Zealand will likely give the Kiwi a boost of volatility in the upcoming Asia session with its latest statement on monetary policy. Expectations are for no change this month as recent economic data has been net positive, and as they wait to see the full extent of damage the COVID-19 is set to do to the world economy. The scenario to watch...
EURUSD has cleared stops out above 1.14580
It hasn't broken the 'Macho' high from August so that could also back up the idea that this was just a stop raid of anyone short since september and this could also suggest this latest move up is part of a bigger bearish fractal, that will eventually clear out everyone long from August, maybe July.
I have a SHORT trade...