The market moves sideways on FX_IDC:EURUSD
1H chart. It is a good opportunity for advanced pattern
traders. The gartley pattern
is formed, which provides a good entry point and TP & SL levels. Moreover, there is a support level
at 1.0855. The price respected those level few times, and it is more likely it will do it again. Big positions are usually placed at key levels, which can push the price up.
T2 - 61.8%
Note: It is not recommended to stay in a trade during major economic news.
ECB Draghi speaks today and the market may get volatile those times.
NFP comes out Friday.