The battle for a strong dollar is not over yet.
Canadian positive data and Donald Trump criticism of the FED made all currencies surge against the dollar. The greenback lost ground to euro making price enter again the 1.17x area. A bearish pennant, however, is a possible outcome on the daily chart, and breaking 1.15 would bring traders at least 250 pips to the south.
It is a new week where data figures will play a significant role. Most forecasts signal negative EU data and keep a positive outlook over US data. The most important event is ECB decision over interest rates on Thursday which are to be left unchanged. The judgement I made, therefore, is to short to 1.125.
It is a new week where data figures will play a significant role. Most forecasts signal negative EU data and keep a positive outlook over US data. The most important event is ECB decision over interest rates on Thursday which are to be left unchanged. The judgement I made, therefore, is to short to 1.125.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.