Good morning all! I think the play for this morning is quite obvious; we'll be looking to go long on a clean breach of the 1.4036 Resistance line. Those who can afford to be less conservative should probably be in the trade already. The close at 9:15am will partly determine if some more conservative traders will join the bandwagon or not.
By the way, did you notice how the 1.3973 Support line (I mentioned it in my comment on the last post) performed? Even with the sharp news reaction stemming from US president Barrack Obama's speech, the Support line held firmly and price didn't close below it; in fact, the lowest close which occurred at 3:15am was actually on the 1.3973 mark exactly! How accurate is that?
update (9:43am)
Well, the formation of that hammer at 9:15 surely made any conservative trader hold back on an entry. Price is currently trading below the 1.4036 line. A decent close above that line on any of the next few bars should probably trigger a Long entry for conservative traders as well.
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