ridethepig

Shorts remain under pressure here...

FX_IDC:USDARS   U.S. DOLLAR / ARGENTINE PESO
=> Here we are tracking for a short-term high to be set, whilst bulls remain above resistance at 39.35 the yearly highs are open for a test.
=> Here we can either trade crumbs to the highs or look for opportunities at 41.50x as we begin to set a secular high.
=> Whilst we don't see EM out of the woods yet, we are expecting some recovery into 2019.
=> A very complex environment here so good luck to all those involved.
Comment: a perfect range so far... 35.97 - 39.35
Comment: "41.35x looks easily within reach" all done here...
Trade closed: target reached
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