[rufffen]

PRE-ECB Update:

Nothing much exciting today, doing some ranging action, USD CAD trade was triggered, honour the stops and let's make some money tomorrow!

Now, some fellas are calling EUR USD higher at 2940, so they expect a spike up on ECB release (150 pips). Fair enough, although my fractals point that EUR USD actually should head towards 1 2500 at least and other currencies (CAD JPY CHF AUD) point the same.

Indication that EUR USD is going for 2940 is break above 2855.
Cable needs to hold 8800 for a good reversal towards 8400.

So have your stops in place, trail YEN positions and worst case you are out at breakeven.

Now if the EURO in fact does 2940 that's another good area to take shorts, however I won't take up any positions pre-NFP on friday.