I believe the sellers will step in around the 1.225 and 1.1295 levels. This pair is already at or near the backside of an old trendline. If the US dollar extend's its fall, then this will be a good opportunity to take a short position in an already downward spiraling channel.
Comment:
Comment:
Short filled
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
Looking at the Monthly Dollar, also throws a wrench in a short position of EURUSD.:
I must look at EUR TWI indices to see some clarity.