{"id":7600,"date":"2010-10-08T03:59:09","date_gmt":"2010-10-08T07:59:09","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=7600"},"modified":"2010-10-08T03:59:09","modified_gmt":"2010-10-08T07:59:09","slug":"early-morning-thoughts-fx","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/early-morning-thoughts-fx","title":{"rendered":"Early Morning Thoughts – FX"},"content":{"rendered":"

The $EURUSD run seems to have temporarily ran out of steam. We had rejection at the top of the trend channel on the hourly chart near the 1.4030 area and put a nice reversal setup in place. For this am we are ranging early in the European session 1.3920 by 1.3945. Expecting heavy volatility to pick up below 1.39 or even a firm move below 1.3910. I would keep a cautious tone on the long side even above the 1.3945. Currently short with a target overnight of 1.3820-40 area. Keeping an eye on the 8:30am number for potential unusual volatility. Could be the case we may just rest here during Europe awaiting the jobs report. But will certainly keep a bearish stand during the session. <\/p>\n","protected":false},"excerpt":{"rendered":"

The $EURUSD run seems to have temporarily ran out of steam. We had rejection at the top of the trend channel on the hourly chart near the 1.4030 area and put a nice reversal setup in place. For this am we are ranging early in the European session 1.3920 by 1.3945. Expecting heavy volatility to pick up below 1.39 or … Read More<\/a><\/p>\n","protected":false},"author":94,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-7600","post","type-post","status-publish","format-standard","hentry","category-gilbert_mendez_gmans-blogs","category-technical_plays","no-post-thumbnail"],"yoast_head":"\nEarly Morning Thoughts - FX | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/early-morning-thoughts-fx\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Early Morning Thoughts - FX | SMB Training\" \/>\n<meta property=\"og:description\" content=\"The $EURUSD run seems to have temporarily ran out of steam. 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