Goldfinger9

Goldfinger9

The US dollar began to rally from 2 year lows following the news of strong 2Q GDP data. However, it is being oversold in the short term with RSI far below 30 and price testing the 1.19000 support level. The outlook for this pair is still bullish, so we expect a recovery back towards 1.20000. My trading set up: Entry: 1.19000 Exit: 1.20000 Stop Loss:...

Goldfinger9

No, a major trend reversal is very unlikely at this point. The EUR/USD pair has shown a strong bullish trend since mid-April and this will likely continue in the short term, in light of weak inflation data and the rising geopolitical tensions between the United States and North Korea. However a key support level to watch is 1.17. If price breaches this level, it...