DailyFX.com - Highlight Points: - Even more Fed-speak indicating hawkishness has continued the drive higher in the Dow Jones FXCM Dollar Index, and this has brought to question two previously strong trends in EUR/USD, but this strength hasn’t necessarily been even-handed: While EUR/USD appears to be on the cusp of establishing a new down-trend as major,...
Price broken below 159.99 level, after showing indecision... Expecting an exsplovie move back to 158.11 area 200+ Points 1:2 + further targets?
USDJPy has pushed through horizontal level @ 109.68 to now test strong daily trend line currently seeing indecision. if price can break below 109.85 showing strong continuation... looking to take short a position with stops at previous 8 hour candle high 110.48 1:2 targets
This is about to go up very fast with key areas being $745 and $773. If it breaks $781 then be ready to sell around $798.
Daily trend formed, after strong break out... taking the retrace trade on this bullish trend. Entry around 0.7625 Targets @ 0.7765 1:3 Risk reward