Increased pressure on EU. Likely to push down to 1.16900 level
EU has clearly rejected the 1.8000 level. It has traded within the 1.17900 - 1.17650 range for the week so far. Based on news in North America and geopolitical tensions in the EU region we expect this to weigh on the pair as investors seek risk-averse USD assets as we head into the FOMC meeting.
Trump has said that talks will continue to provide stimulus to airlines, which has led to the appreciation of DXY.
Based on the two Fibonacci sequences, the price has been flirting with the 0.618 level on both. This could signal a continuation of the trend downwards.
As always this is not financial advice, but an opinion, always trade with suitable risk management matching your risk appetite.
Trump has said that talks will continue to provide stimulus to airlines, which has led to the appreciation of DXY.
Based on the two Fibonacci sequences, the price has been flirting with the 0.618 level on both. This could signal a continuation of the trend downwards.
As always this is not financial advice, but an opinion, always trade with suitable risk management matching your risk appetite.
交易進行
As another NY session has arrived, it is clear bears are still in control of EU. Based on analysis it would be preferable to see 1.17200-300 area by EOD.
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