Short post as I’m running to catch a flight back home. Yesterday Chairman Powell dropped interest rates by 0.25%. This comes on the heals of the Eurozone dropping interest rates too. Everyone was expecting this and I knew some sort of volatility would be happening. Looks like we broke through the support around 1.11200.
This is good news for me as I’m looking to go short EURUSD again, just waiting to see where the pullback will be. There’s always a pullback, the trick is to find which time frame it’s on.