Based on fundamental analysis, the dollar has remained in a risk on mood due to tariffs and the delay of Powell to cut rates. Despite the delay, President Trump has also been threatening the Fed independence making it difficult for the dollar to sustain gains. Technically the pair has been seen to clear sell side liquidity at 1.14500 zones. Therefore, if the pair maintains the momentum it will go to 1.19000
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.
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.