AdrianRaymondFX
Short

Waiting for EUR/USD to break $1.08

FX:EURUSD   Euro Fx/U.S. Dollar
I remain firmly bearish on the euro             as I anticipate continued buying on the US dollar             despite Yellen's hinting toward a hold in raising rates in September this week (please read : https://www.tradingview.com/chart/USDOLLAR/qJf9uQCS-I-anticipate-a-USDOLLAR-breakout/). If consumer price data supports the dollar this afternoon, I think the euro             may break the $1.08 level at the beginning of next week. Officially, I see the technical support at $1.0840, but I'd like to see a break below $1.08 just to be safe in order to target $1.05 by the beginning of August. I'm watching the Dow Jones-FXCM US Dollar Index             for a bullish signal above 12,040 points to validate a bearish signal on the euro             .

If the support doesn't break by the beginning of next week (dollar weakness following the US CPI             data will obviously limit the immediate downside potential), I'll be waiting to see what happens around $1.0950 as this is the first key resistance I see.
I follow you in this one, same analesys. Nice, wait and see.
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