Hello Traders,
Factoring in the fundamentals such as US EUR trade deal, $600 billion of investment into US, $350 billion investment from South Korea.
4hr chart, trading under 1 day up trendline.
Was strong sell signal from 1.177 last Thursday.
200ema starting to turn downwards
Still close to upper regression channel that began July 1st, believe it is still in play.
6 hr and 12 hr block still support, strong rejection at 4h bearish block. not expecting much else today since it's Friday. Still targeting 1.121 in August
Originally entered trade at 1.172 area, added 3 times on the way down, originally targeting 1.143 but with the ever evolving trade deal news that I believe to be bullish for the USD I moved target to 1.121.
Goodluck to you all.
Factoring in the fundamentals such as US EUR trade deal, $600 billion of investment into US, $350 billion investment from South Korea.
4hr chart, trading under 1 day up trendline.
Was strong sell signal from 1.177 last Thursday.
200ema starting to turn downwards
Still close to upper regression channel that began July 1st, believe it is still in play.
6 hr and 12 hr block still support, strong rejection at 4h bearish block. not expecting much else today since it's Friday. Still targeting 1.121 in August
Originally entered trade at 1.172 area, added 3 times on the way down, originally targeting 1.143 but with the ever evolving trade deal news that I believe to be bullish for the USD I moved target to 1.121.
Goodluck to you all.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.