After trying to hard to beat the resistance around 1.3950, it has finally broken up, now dancing its way towards next fibo 1.42. During the start of EU summit, Eur/Usd dropped towards 1.3800. Hopes dashed. I followed @kathylienfx twitter closely. It makes sense that EU can't afford not to have plans, but the market reactions was a wild one indeed.
Price recovered by Asian opening and was a relief, along with EU news that the leaders have worked late at night to come up with a comprehensive rescue plan for the region. Price does break up beautifully, just that my exit still doesn't makes sense. But thankful it has been a profit after last night madness.
Currently sell-limit placed at 1.42
Had another long on the cables. Another one I felt my exit point doesn't make sense either. It was way below my original take-profit basing on Daily. Now it is 40 pips higher than where I closed.
Risk sentiments are strong right now, what about next week?
Useful site I been using. Kind of a guide, but don't completely rely on it - ForexLive.