No change in view.
Last week SELL idea @ 1.0220-1.0240 still in tact, and even lower. The stop-loss to remain at 1.0267 for now. Just to avoid a squeezing out of stops. The GANN resistance is around 1.0219 and overall still view 0.9967 possible thereabouts.
The interest rate increase of 0.75 will not be the last one, but market are reading into the comments as if we are nearing the last ones, which may not be true. Therefore, US dollar should remain bid for the near future is my personal viewpoint.
Last week SELL idea @ 1.0220-1.0240 still in tact, and even lower. The stop-loss to remain at 1.0267 for now. Just to avoid a squeezing out of stops. The GANN resistance is around 1.0219 and overall still view 0.9967 possible thereabouts.
The interest rate increase of 0.75 will not be the last one, but market are reading into the comments as if we are nearing the last ones, which may not be true. Therefore, US dollar should remain bid for the near future is my personal viewpoint.