Here you have a perfect example of consolidation phase.
The pair is uncertain yet whether it wants to test the 1.21 psychological mark or instead gun towards the 1.22 area.
We would naturally think that impeaching trump would make the dollar plummet however riots and protests will form for sure 100% making the market risk off for the couple of days until the situation clears.
So we have a very fun scenario and two possibilities.
The pair to have one last leg down to psychological mark of 1.21 or sky rocket up.
On daily we can see that the pair pushed ever so slightly up before gunning back down due to dollar strength. It's a wait and see moment!
The pair is uncertain yet whether it wants to test the 1.21 psychological mark or instead gun towards the 1.22 area.
We would naturally think that impeaching trump would make the dollar plummet however riots and protests will form for sure 100% making the market risk off for the couple of days until the situation clears.
So we have a very fun scenario and two possibilities.
The pair to have one last leg down to psychological mark of 1.21 or sky rocket up.
On daily we can see that the pair pushed ever so slightly up before gunning back down due to dollar strength. It's a wait and see moment!