Hi Folks:
My target was 1.11700 and we hit 1.119. So far we are trading sideways in some sort of accumlation area that makes me think that we are going to continue falling further to 1.09 area and below.
Fundamentally speaking the FED has indicated three rate hikes next year, first one as early as in March. EU has not indicated anything yet so it seems that USD will more attractive to investors and major players. Therefore I am waiting for the breakout of the support level to go short again.
STAY SAFE. Cheers
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My target was 1.11700 and we hit 1.119. So far we are trading sideways in some sort of accumlation area that makes me think that we are going to continue falling further to 1.09 area and below.
Fundamentally speaking the FED has indicated three rate hikes next year, first one as early as in March. EU has not indicated anything yet so it seems that USD will more attractive to investors and major players. Therefore I am waiting for the breakout of the support level to go short again.
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.