People got attracted by Trump increasing rates jumped in USD longs few months back.
Same people if a rate cut is coming will they keep their jumped in USD or discard and further attractive shorts come in ?
More shorts to come it seems new few weeks..
ECB is an upset now but
Can't omit the fact that FED rate cut is due. Only fact stretching for next few weeks.
Even though FED might delay rate cut is obvious.
Looking only bullish setups omitting any short setups.
Any break above 1.133xx area may unlock decisive resistive shorts...
Outlook: See the chart
Short should work towards 0.6514
However it is indecisive whether support holds or not atm.
Any chance bounce back from support to 0.6562 seen to be more added short towards swing low 0.6425
Trump- China eases bit risk on?
Dollar bidded G20 Trump on his terms?
Post Iran sanctions approval USD bidded!
FED dovishness not completely out of the picture
Some ideas for thought?
Need higher base resistance ??...