Yesterday's FED statement was within expectations, today we see eurusd pushing lower. Now at the low of the triangle again and support level. A break lower provides a short opportunity. Today's BoE hike might surprise us, though expectations are still in favour of hiking. Carney's speech, if more dovish should stregnthen the dollar further and push both gbpusd and eurusd lower. Entry level could be lower for higher probability.
Happy Trading!
Happy Trading!
Comment:
Comment:
After a retest of the triangle and support, now resistance, price finally seems to be going to test the 1.15 level. Continued dollar strength and weak european currencies (cable even attempting a break of the channel line on downside now) is pushing the pair down nicely.