After a shocking NFP number last week we have witnessed a much needed correction of the bull move of late. Now after reaching the 0.681 retracement level it looks like the Greenback it's ready to continue its way up. Looking at the big picture, price action it's within a down trend so we should probably ride the wave until it hits the top of that channel. May the Market be with you.
Comments
NearDrowning
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Nice :)
4EX4EVER
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Totally agree with you
NearDrowning
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We will see how it goes with the rates and I'm still waiting for the confirmation, but in long.
4EX4EVER
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I honestly believe the Fed will stay on hold and It will be a non-event. We should be good on the upside for another couple of hundred pips.