Flat bottom triangle price patter formed.
White lines= Resistance and Blue lines= Support according to Dailyfx.com/Technical-analysis
I believe this pair should have a breakout to the bearish side and will have a nice continuation of the downtrend over the next 10 days.
Also after the FED rate hike you can double dip with a positive carry by being long on USD
Central Banks Current Interest Rate
European Central Bank 0 %
Federal Reserve 0.5 %
www.fxstreet.com/eco...world-interest-rates
White lines= Resistance and Blue lines= Support according to Dailyfx.com/Technical-analysis
I believe this pair should have a breakout to the bearish side and will have a nice continuation of the downtrend over the next 10 days.
Also after the FED rate hike you can double dip with a positive carry by being long on USD
Central Banks Current Interest Rate
European Central Bank 0 %
Federal Reserve 0.5 %
www.fxstreet.com/eco...world-interest-rates
Comment:
Short entered at 1.0572