Hi all,
I think there are really good trading days waiting us in the last two quarters of 2015. From a functional perspective there are many variables currently that could affect EURUSD outcome, many of those will be considered by FED in order to decide to increase interest rates or postpone it until December 2015 or even later. BCE just announced they are ready for anything that may happen, even a delay regarding rates hike announcement. This scenario may allow traders to have a very profitable end of year.
I would expect EUR to retrace a little bit more, until 1.10, providing a nice R/R ratio entry taking into account support levels (uptrend line and 1.08). TPs 1.127, 1.139, 1.165 and 1.189.
I think there are really good trading days waiting us in the last two quarters of 2015. From a functional perspective there are many variables currently that could affect EURUSD outcome, many of those will be considered by FED in order to decide to increase interest rates or postpone it until December 2015 or even later. BCE just announced they are ready for anything that may happen, even a delay regarding rates hike announcement. This scenario may allow traders to have a very profitable end of year.
I would expect EUR to retrace a little bit more, until 1.10, providing a nice R/R ratio entry taking into account support levels (uptrend line and 1.08). TPs 1.127, 1.139, 1.165 and 1.189.