I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now.
I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and therefor a risk off mentality.
My ultimate target is 1.185 area, but will be taking partials on the way down.
Happy trading!
I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and therefor a risk off mentality.
My ultimate target is 1.185 area, but will be taking partials on the way down.
Happy trading!