Tomorrow Risk Events

From past few session EURUSD has been constrained within 1.28 and 1.30 areas. A break of either side should be fast owing to sell stops and stop loss hunting. So if you are range based trader then keep your stoploss tight on break of any of these figures.

The same can be said about GBPUSD, as it is also being constrained within a channel. Usually GBPUSD is of range bound nature, so not sure how much top side still left, but the pair can go higher on stoploss hunting before moving lower.

With ECB and BoE risk event tomorrow, be extra careful with open positions. I would suggest, lets close open positions even of its a small loss, instead of going into high risk event.