EURUSD has been soft yesterday but losses are moderate, notably the bid got stronger since the European close. The 1.113 lows held for the daily close and we are sitting at steel support in the bottom of our 1.126 - 1.113 range for the European open.
We have an important ECB/Fed combo coming next month, this is going to get very interesting as markets start questioning whether the current dovish Fed pricing is justified. Expecting a very very large increase in G10 FX volatility over the coming weeks.
We also have daily and weekly chart updates pending here as the lows are looking very tempting to work adding long exposure.
Best of luck all.
We have an important ECB/Fed combo coming next month, this is going to get very interesting as markets start questioning whether the current dovish Fed pricing is justified. Expecting a very very large increase in G10 FX volatility over the coming weeks.
We also have daily and weekly chart updates pending here as the lows are looking very tempting to work adding long exposure.
Best of luck all.
Trade active:
Well done bulls! I hope all enjoyed the move.
