Bullish trend is likely to continue after tomorrow´s retracement, as we had pretty thin run (inefficiency) which tend to be filled.
It is hard to pinpoint where to to enter upon a retracement (might be up to 100 pips), considering tomorrow´s volatility due to the ECB rates hike decision.
Current dollar weakness is driven by the rise of American stock market (US30 broke above yearly DEMA and is likely to continue higher after a retest)
Tom Demark / Double Bottom projections send us to 1.03.
FOR EDUCATIONAL PURPOSES ONLY.
It is hard to pinpoint where to to enter upon a retracement (might be up to 100 pips), considering tomorrow´s volatility due to the ECB rates hike decision.
Current dollar weakness is driven by the rise of American stock market (US30 broke above yearly DEMA and is likely to continue higher after a retest)
Tom Demark / Double Bottom projections send us to 1.03.
FOR EDUCATIONAL PURPOSES ONLY.
Trade closed: target reached