What a ride yesterday! It's always fun to call it just right and then see this FX pair shoot right past your profit target! Yesterday's morning outlook on this Forex EURUSD pair was a short bias with a target of 1.4980 -- at the time price was at 1.5020. We grabbed a solid 40 pips on this trade uninterrupted.

Today's market outlook however may be more choppy as the overnight London and Tokyo FX sessions led for a fairly distinct downside move down to 1.4900. I don't think there's much movement left in this pair for today as the total pip range has been 105 pips. So if you missed the EURUSD overnight trade then I think you've got maybe a little bit more downside or even possibly be able to catch some pips scalping the reversion to the mean.

My bias for the rest of this New York trading session is choppy with a bit of a short bias down to 1.4880. So if you've got an excellent scalping technique use it!