A lot of data coming out and Bernanke will speak so extra cautious today too:
- EURUSD > bullish and looking for retracements for long entries… ideally 3560/80s
- GBPUSD > bullish and looking for retracements for long entries… ideally 5370/80s
- USDJPY > bullish and looking for retracements for long entries… 93 and below
Keep in mind that failure would bring bearish momentum back, so I would really be focusing on the shorter-term trend and trades in order to not get stuck with a specific bias.
Stay safe 😉