Wonder why the US currency holds so much strength at the moment?
In my view investors are creating highs and preparing for a major downside move (Golden rule = Buy Low, Sell High).
Along with this fundamental view the completely aligns.
0.99500 Perfect place to short.
However, the election may bring some spikes so we could see the pair head to 1.00500 before making its way down.
Target 1 - 0.96500
Target 2 - 0.95500
Target 3 - 0.91000