Following the EUR rally against USD due to FED statement earlier, you would expect a period of consolidation perhaps a very short one before price moves along.
If the price breaks 1.13 point, or at least the 110 SMA, this may confirm the double bottom pattern as seen in 1D.
The market movers are rolling in and fast. As far as speculators are concerned, in anticipation of a potential US interest rate cut, the only way is up towards the 1.15 price target. Just a matter of time.
If the price breaks 1.13 point, or at least the 110 SMA, this may confirm the double bottom pattern as seen in 1D.
The market movers are rolling in and fast. As far as speculators are concerned, in anticipation of a potential US interest rate cut, the only way is up towards the 1.15 price target. Just a matter of time.