Looks like DXY still has one more leg down. This can explain a rally in commodities.
If the wave count is correct, we may reach 88 figures quite soon which would give us approximately 1.24 figure in EURUSD pair. After a nice rally on Friday we are spending some days in a sideways movement. Therefore, now it is a good period for a long entry on EURUSD pair or finding any other instrument, related to the USD.
If the wave count is correct, we may reach 88 figures quite soon which would give us approximately 1.24 figure in EURUSD pair. After a nice rally on Friday we are spending some days in a sideways movement. Therefore, now it is a good period for a long entry on EURUSD pair or finding any other instrument, related to the USD.
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
For EURUSD pair the target price would be around 1.0850
For USDJPY: 113.900