Forex Day Trading - EUR/USD


This is the 2Day 5Min Chart for EUR/USD

Today is a public holiday in UK and there are also reports due out today from EUR Germany and USA which could affect the markets. Due to these factors, there is a HIGH probability that the markets will trend sideways. Markets should be approached with caution.

A pending SELL order has been placed just below the Pivot Point at 14442. A pending BUY order has not been placed yet. Due to the above factors and the recent volatility in the markets, I am waiting to see what happens to the markets when R1 is broken.

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