kaytome

4hr possible new downtrend channel

Short
FX:EURUSD   Euro / U.S. Dollar
Fundamentals: DXY still on track for more rate hikes, even if less aggressive.
EUR attempting to end easy money policy and rate hikes, but economy softening.

Technical: EUR/USD below 4hr pivot, indicators sell macd, rsi, stoch
price below bollinger mid, below 20/50/200 sma's

DXY: bounce from bottom, above 4hr pivot. buy indicators and sma's

Sentiment: EXY strength from Brexit appears to be fading as the long process is becoming clearer. DXY strength is steady
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