Price went as high as 1.4350 and then retraced with more than 200 pips. Carry trade unwinding is back and so is the volatility, therefore we will stand aside. The bullish current trend support is located at 1.4100 and if this line is violated, our bias will be short depending on the volatility. Again we want to stress the fact that volatility such as we have seen yesterday really amplifies the risk. Be careful..
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Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice
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