Hello traders good to be back with you. Today we have to decide to trade or not trade the EURUSD 60 Minute chart or for that matter any chart. This is what I am talking about you can see that we are in a nasty range on the 1 hour chart and are you willing toi risk taking a trade at this point we are approaching London lunch and no price action. If you look at other major pairs you will see the same kind of chart. This is my feeling most big traders are finished for the week as they are off for the easter holiday. Friday is Good Friday and many of the markets are closed in Euro zone for example Germany, no Germany no London session. The same is in the NY session the only difference is they are still going to release NFP data. OK this chart I have placed a trend line and would like a close below it before I enter the trade short. The next issue is we have the 50 ema to fight with and no volatility in the market. So what I would do is nothing and watch the charts and trade on a demo account. I will not risk my money on a market that is unstable going into a three day weekend. Just my view traders. Talk Soon….. William
