The currency pair has just ended its 2nd corrective wave on the 4hr chart at the 61.8% retracement level of the original corrective wave. With that in mind, it will be trading down on its 3rd and final corrective wave for this week. We can expect to take profit for this trade at around the price of 1.2140.
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Good question. A pretty weak currency, versus, clearly, the strongest.
USDOLLAR is flying high, and the greenback has seen increases in 11 of the last 13 weeks.
This is certainly reflected in the EURUSD which is dropping like a stone, and where there may be some time between significant setups, simply because of the speed of the drop.
SNB’s stunt resulted in a...
