Hello Traders!
All major greenback pairs were up 30-50pips in a matter of two hours because DXY went down.
The dollar index was bearish today and it has reached weekly resistance.
I am expecting DXY reversal(up) afternoon and tomorrow so all major dollar pairs may possibly see a reversal.
For the Cable pair, trendline from June 25, the top of the month may act as resistance as daily high.
Always place the stop loss above the trendline to protect your money.
Good luck!
All major greenback pairs were up 30-50pips in a matter of two hours because DXY went down.
The dollar index was bearish today and it has reached weekly resistance.
I am expecting DXY reversal(up) afternoon and tomorrow so all major dollar pairs may possibly see a reversal.
For the Cable pair, trendline from June 25, the top of the month may act as resistance as daily high.
Always place the stop loss above the trendline to protect your money.
Good luck!
Comment:
1.25405 Sort order activated.
Trade closed: target reached