1.17800 could be next but I think this one (golden ratio level) can also offer a good long opportunity. Adding some September contracts here. Will be selling 1.8499. Pick your poison. BTW if 1.17800 fails, 1.16000 I didn't know manufacturing "news" was that big of a deal that screwed with my GC and EU trades... and why is DXY and /ES together but /GC down? I mean /GC and DXY generally have an inverse relationship, but so does /GC and /ES. Why is EUR down? <-- main question. The market got me off guard this time hahaha.
Comment:
Also broke the golden ratio, so not expecting 1.2000 in 3 months. Maybe US is trying to control its inflation at the world's expense, we cool like that :P