Today’s Forex Analysis
June 21, 2012 in Ask Vance, Forex by Vance Williams
Hi traders. Looking at price this morning, my first thought was, “need I say anything? This is very messy. I wish I could tell you something more interesting. But this is truly very poor price action. It’s 50/50 right now. Both the GBP/USD and EUR/USD 30 minute are dead sideways.
We need for price to trend in some way that is definitive in order to put the probabilities of winning in our favor. So I’ll watch the market this morning and see if anything develops. I see some indications that we could be heading down. We’ll see. Cheers
~Vance


