Euro Action 6-9-10

Overnight Review:

Structure is gradually changing: Noticing new continuation signals, lower overnight volume, volume spikes big relative hourly average in 1 minute chart.


Also note this morning: heavy selling in 10y future.

Afternoon Trade:

Saw pretty heavy orders around 1.1970s-80s so I waited for the shakeout 30-40 ticks under that range then bought after it bottomed:

This is the night before ECB rate decision and after New Zealand central bank raised rate to 2.75% on inflation concerns, which helped rally.

It's pretty hard to trade in afternoon since the volume is so thin. This is also a curve ball since its rollover day into September contract.