Macro-Traders-Strategies

Nearly at the end of the triangle

Long
FX:EURUSD   Euro / U.S. Dollar
Month end rebalancing could mean risk on equities and risk off dollar.

The EURUSD triangle is nearly complete. We will know in August, with a move to 1.14-1.16 as the Fed is likely to pause in Sept, October and the any increase in rate hike will only be in November.

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