1/5/2015 EUR CPI Flash Estimate (0500 EST)
Forecast: 0.4%
Actual: 0.2%
Previous Revision: +0.1% to 0.2%
Core CPI Flash Estimate
Forecast: 1.0%
Actual: 0.9%
Previous Revision: n/a
INDECISIVE
Started @ 1.0792
Whipsaw between 1.0786 and 1.0796 – 0500:01 (1 min)
-6/+4 ticks
Reversal to 1.0803 – 0500:30 (1 min)
11 ticks
Pullback to 1.0785 – 0506 (6 min)
18 ticks
Reversal to 1.0798 – 0517 (17 min)
13 ticks
Expected Fill: 1.0787 (short)
Slippage: 0 ticks
Best Initial Exit: 1.0895 – 8 tick loss (stopped)
Recommended Profit Target placement: n/a
Notes: Unfortunate whipsaw for an 8 tick loss. Still note the nice short setup after 0503 with 2 failed attempts to climb above the 50 SMA.