Both trades are still on and FMOC is in 2hrs and if we stay in the current range then we should see the dollar explode higher and euro dollar go lower.
Hi, Do you mean your target is DXY 98.50/EU 1.11 according to markings on the chart? I'm wondering whether it will get there anytime soon as DXY seems to be still grinding about under 98.30 - might not get to 98.50 by tomorrow (Fri) - what do you think?
Solomon-
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@rsam, Im long term bullish on DXY. This can change at any time which is why I dont post long term trades. I added 98.50 because we had FMOC minutes and I thought DXY would push to the upside rapidly. Trade was closed at 98.30 for DXY and EU was closed at 1.11270 since FMOC dint provide what I was expecting.
rsam
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@quantum64, Thank you. I was expecting 98.50 as well, so unfortunately didn't close at the most ideal price. I'm glad you post short term trades, I find them useful as I prefer minimal exposure to market risk where possible.