I believe DXY is gaining bearish momentum. Many technical and fundamental indicators. This will pull USDCHF back down and push EURUSD up. Also just looking at USDCHF from a technical perspective alone, we are rejecting off of parity which has proven to be a major supply zone and we're seeing bearish continuation patterns. In my Telegram group I called EURUSD bottom when we broke yearly low's on November 12th. t.me/positivetraders
Comment:
For those wondering, we never got stopped out. Came within a few pips of my stop loss but on a FX Choice Pro account the small spread kept this trade open.
Trade closed: target reached:
Anddddd target was hit!