The price is currently at 1.4090 having reached a high overnnight of 1.4172. If I had been awake I would have taken profit at this level -I actualy set a 'take profit' order at 1.4180 but it obviously missed this by 8pips.
In retrosepect this trade has not worked out as planned and was not an A+ trade as it was against the main 3H current down trend. I am looking for a bounce of the narrow channel the price is trading in back up to the resistance line and will exit then if it doesn't beak through.
German PPI figures this morning were substantially worse than forecast. No other economic news to note until Friday now so risk sentiment and equity markets will determine the direction until then.
