Waiting for German Ifo Business Climate release
The EURUSD pair got in the short range on VFI while waiting for German Ifo Business Climate. It is gonna release in 5minutes so we will see where the market direction will be. Prepare your weapons. While waiting you can have a quick look at old commercial with my favourite financiér Mr. Kostolany:
UPDATE: German Ifo Business Climate estimate 96.2 and final result 95.2 . Worse then expected have caused stronger selling pressure on EURUSD. I am not taking any position since the market is jumping up and down. It is creating NEW LOWS but the trend is not clear for me at the moment. For now I have few pending orders set back on $/Frank shorting below support. I am already in AUDUSD going LONG and USDJPY going short. Will be back on the afternoon session.
[youtube http://www.youtube.com/watch?v=xmWpsl3qdrI?wmode=transparent]
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