Jan 28th early morning Federal reserve is going to announce the rate, while the percentage of not raising interest rate is very high, and the fact that the federal reserve can't not lift the rate is also very clear. Fundamentally, I would expect that the Euro will attack back.
Technical showed me that from cycle point of angle, this is just a beginning of the rising trend which follow the previous 3 cycles. Each cycle completed by around 64 bars, around half of the month.
Directional index show me that the absolute trend is diminishing, so don't expect a large trend break out very soon, be patient.
MACD is well in shape, give you some support of the momentum.
Lastly, normally the cycle last for 3 cycles and break out either way, and this time with the fundamental. I would expect that the distressed the euro will give USD a shot!!
Technical showed me that from cycle point of angle, this is just a beginning of the rising trend which follow the previous 3 cycles. Each cycle completed by around 64 bars, around half of the month.
Directional index show me that the absolute trend is diminishing, so don't expect a large trend break out very soon, be patient.
MACD is well in shape, give you some support of the momentum.
Lastly, normally the cycle last for 3 cycles and break out either way, and this time with the fundamental. I would expect that the distressed the euro will give USD a shot!!
Comment:
The probablily of rates hike is nearly Zero. While USD is exhaused, this will soon price into the EUR. let's see. Anyway, we got our SL..let it fly
Trade closed: target reached:
The USD durable good sales doesn't meet the expectation, much worst than that. USD fall against major currency.
Well, again. It is the fundamental driven event.
So Fundamental and technical together can perform much better results..
Well, again. It is the fundamental driven event.
So Fundamental and technical together can perform much better results..
