Is it boost or resist?

Rahi

Newbie
6 0
So now that german data rushed the EUR/USD up nicely, I went short bit too early. Since US markets are opening 30mins from now, I started to wonder how the overlapping markets react usually? I think that it can take new boost up when markets open or does the US market try to protect USD value and resist down. I hope you get my point since this could be important for future trades.
 

random12345

Established member
793 280
So now that german data rushed the EUR/USD up nicely, I went short bit too early. Since US markets are opening 30mins from now, I started to wonder how the overlapping markets react usually? I think that it can take new boost up when markets open or does the US market try to protect USD value and resist down. I hope you get my point since this could be important for future trades.

I've seen the opening bell both hammer down and buy up the USD in equal measures over the years. Mainly it does nothing except add more ticks in the current direction or range.

Look like you got out ok in the end.
 
 
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