As anticipated long ago and following fundamentals linked to this pair, it was quite an obvious decision to take shorts.
In my opinion USD will continue to strengthen against most pairs and that was confirmed today by FED with its QE tapering and forecasting possible rate hikes therefore you know : buy the rumors, sell the news...
Gold went down as well because of the correlation with USD and that proves I was right with my shorts so far.
My target remains UNCHANGED at 1.11ish. Below 1.16 it will plummet very fast in no time.
Cheers, agree or not be nice replying or commenting, we are here to share ideas and POV's, not to disrespect fellow traders. Leave your anger somewhere else.
In my opinion USD will continue to strengthen against most pairs and that was confirmed today by FED with its QE tapering and forecasting possible rate hikes therefore you know : buy the rumors, sell the news...
Gold went down as well because of the correlation with USD and that proves I was right with my shorts so far.
My target remains UNCHANGED at 1.11ish. Below 1.16 it will plummet very fast in no time.
Cheers, agree or not be nice replying or commenting, we are here to share ideas and POV's, not to disrespect fellow traders. Leave your anger somewhere else.