EURUSD 4H MARKET ANALYSIS
Donald Trump made a really bold statement on his recent tweet mentioning:
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"Things are going along very well with China.
They are paying us Tens of Billions of Dollars, '
made possible by their monetary devaluations and pumping in massive amounts of cash
to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed!"
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This is indeed really good news as it will highly likely send USD full bullish.
Moreover, Fed Rosengren mentioned a " No clear and compelling case for additional monetary accomodation"
Fundamentally USD is really setting up to be a bull.
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On a Technical Standpoint
EURUSD is on a major 4H resistence. We should see a huge market gap on 5 August and we should continue the downtrend
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Note:
BEWARE OF STOPHUNTS that will most likely take place above the zone pointed out.
Donald Trump made a really bold statement on his recent tweet mentioning:
------------------------------------------------------------------------------------------------------------------
"Things are going along very well with China.
They are paying us Tens of Billions of Dollars, '
made possible by their monetary devaluations and pumping in massive amounts of cash
to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed!"
--------------------------------------------------------------------------------------------------------------------
This is indeed really good news as it will highly likely send USD full bullish.
Moreover, Fed Rosengren mentioned a " No clear and compelling case for additional monetary accomodation"
Fundamentally USD is really setting up to be a bull.
---------------------------------------------------------------------------------------------------------------------
On a Technical Standpoint
EURUSD is on a major 4H resistence. We should see a huge market gap on 5 August and we should continue the downtrend
----------------------------------------------------------------------------------------------------------------------
Note:
BEWARE OF STOPHUNTS that will most likely take place above the zone pointed out.
Comment:
We are seeing what i believe is a pure stop hunt move as we see EURUSD breaking out of the zone. Ill be more patient before entering this trade. Will update. The sentiment for the dollar still looks pretty bearish at the moment.
Order cancelled:
analysis proven to be false. Closing this idea.