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I hope tex doesn't mind me taking the lead in opening this thread. |
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No, not in the least! It's not my thread, anyone's more than welcome to kick it off!!
I didn't see the 'long' this morning torero. Looked like a slight downside bias to me leading into London?
Didn't take the short either, as we're not convinced this $ decline is done yet. I have interim support @ 1.97 on the hourly, & given the pace in which price has travelled past week or so, a little "range trading" wouldn't be out of the question ahead of this weeks NFP print?
Sure, the upside still carries the weight on this instrument - and I wouldn't expect too much heavy selling ahead of Friday, merely range containment and/or mild profit paring.