EUR/USD jumps by 44 points amid rate hike
As the currency rate was falling the last three weeks in a row, traders used the Federal Funds Rate hike to sell the Dollar and elevate the pair to the 1.1844 level. As long as market sentiment remains predominantly bearish the rate is expected to continue moving in southern direction. As for today, a deep plunge back to...
After a strong move upwards two tops have been formed. The second top is unable to break the first one set resulting in a strong sign of a reversal. I've placed my entry below the neckline. The drop will be roughly the same height as the double top formation.
