this pair started week9 going down. Same as Gold and contrary to DXY .
very close to be oversold. If momentum builds up and price crosses 1.12832 there may be potential to get to 1.12526. However be carefull that price could also bounce from here and look for the SMAs to cut short-entries aiming at short-term profits like me.
USD/JPY stopped at 112. DXY stopped at 97. EUR/USD may be stopping at 1.13. A move in one of these three market may anticipate a move in the others.
Strategy: Wait & see
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Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.