Looking at the Charts + RSI + Technical Analysis + what's happening in Europe with politics + massive trim down in Long positions, and we expect a bigger pullback yet to happen from the Euro. DXY closed above a psychological level of 91, so be prepared for USD to grow this week too before resumption of the downtrend.
Now, we can see two potential outcomes, further retracement, or Sunday open going straight to the downside. Either way I believe that the pair will move towards the 1.19 area before springing back up.
What are your thoughts on this pair?
With Forex anything can happen so always be prepared and watch price action!
Now, we can see two potential outcomes, further retracement, or Sunday open going straight to the downside. Either way I believe that the pair will move towards the 1.19 area before springing back up.
What are your thoughts on this pair?
With Forex anything can happen so always be prepared and watch price action!