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madspain
Dec 20, 2018 7:54 AM

Euro forming bottom? 

Euro Fx/U.S. DollarFXCM

Description

Dollar rally - faded after fed - Looking ahead and possible slow-down maybe Fed doesn't tighten as much in 2019 - anyway technical look like euro bottoming vs dollar

Comment

Starting break out - wait for confirmation - target 1.18 on confirmation

Comment

Still on track - despite good figs from US on Friday - had a knee jerk reaction but it recovered very quickly against the dollar adds weight to the bull argument. Monthly chart is interesting
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