After the Fed's Dovish statements, we can expect the Euro to head higher as the US economy is not ready for an appreciated USD. Draghi has limited ammo left so I doubt we can expect more downside. The only risk we have is upside risk from a dovish Fed and poor data. October is relatively light on data so I expect our USD valuation to correct since fundamentals do no support such an over valued dollar. It's been long over due for a correction as long as we retake the 1.2716 level I am confident in a long position. Else, if prices drop below the 200 look to sell higher.
Entered at MKT with limit and stop on screen.
Entered at MKT with limit and stop on screen.