GavaldaFX Forex Blog

I just sold a very light position of EUR/USD because we reached the aforementioned channel top, also this is today’s high and I would like to take at least a little profit and if it has to be a quick scalp then I’m ready to adapt We’ll see target of course about 1.5915, stop above the trendline resistance.

I’m getting tired of this ugly market. What we have experienced since 24th June is one of the toughest periods I can remember and I have traded for a while now… Anyways, EUR/USD stuck in a channel, waiting the break of either the 1.5950 or the 1.5915 level. GBP/USD the same with 2.0035 and a rising support line currently at 2.0015. USDCHF, GBPJPY, GBPCHF completely flat. We should get back to bed and dream about better days, guys.