Unless Draghi screws up the party we should see the EU going higher. In line with the FED and BOJ inaction > USD down. TPs matching the trend lines, stick to the bugs.
I can't see more than that if you have suggestion let me know ;)
We didn't see the Euro tanking before going up. Instead it has moved but not with a lot of convinction. Technically we should go down the road but with the FED it s up...still need to monitor but I would see a Euro down nicely in the coming days (1-2 week) before a big retracement. Monitoring the move now.
Expecting a beautiful down to trendline and then rebound. Not clear when it could happen but suspect the London session could bring it down and US , FOMC up to the sky. This will the 3rd day of blood bathing with the SSI at 71% again (Long).Good luck and small lot .
trouble in the central bank boat in the coming days: for UJ, we are now 2% from 100 which is a high risk for the currency but the BOJ is now naked. Overall has been down and no sign of any good news neither from Japan nor USA...Down with a bumpy ride with drops accelerating. TP 100.5 support then Kaboom below 100 drag to 95.
We are at the bottom of the daily candle so we play the rebound for a 20 pips min. Today it s not clear where it will go, low volume like yesterday until the FOMC will just be a move up and back to square one. Small lot today is mandatory.
Expecting a big rebound especially if the FOMC result is in favor of the USD short. From the chart we need to hit 1.2910-15 before going up.
Uptrend channel hit on 30min, hard to trade indeed.
UC looks like it will go down capped by a resistance and channel trend, double top done last friday. Full short TP on the chart till FOMC.
Short until 21sept...check UJ and EU to confirm the follow through.
Rebound for the day after Friday hammer, USD candle look down for the next few hours. Some acceleration in Europe time and then see during US opening what will happen. Expecting a hit around 1.1215 then ?? Difficult sideway trading.
USD under pressure right now+ nmacd signal by seaside420, no direction after better inventory, so it worth it to play the channel with a SL 1.322, target price mid of the channel (to be updated) for a close by friday (48h USD pressure).
Whatever is the outcome USDCAD is perfectly waiting for a spike up to R1 then down the road.
USD could go up in the coming next week, big pressure on the FED on 21 so wont' be surprised to retest the trend line the same day or the day before.
Bounce at support and trendline with a channel up but USD under pressure in medium term.