Hi Traders,
I went long GBP today but got burnt against USD,the other trades went good tough. The USD is definitevely very strong , at least technically speaking.
With no special news expected for the coming days, you'd rather expect more of the same. A strong USD against majors. I'm closely watching levels :
EURUSD :1.18 shall not pass! Very critical below this price, this is both cheap and dangerous to sell.
GBPUSD : 1.3420 cheap cheap! definitevely good to try a buy long term.
For the rest of the currency vs $, honnestly, I won't try to short it further. AUD and NZD looks ripe for a reversal and the fundamentals would a guy like Peter Shiff laugh.
Enjoy your trades.
I went long GBP today but got burnt against USD,the other trades went good tough. The USD is definitevely very strong , at least technically speaking.
With no special news expected for the coming days, you'd rather expect more of the same. A strong USD against majors. I'm closely watching levels :
EURUSD :1.18 shall not pass! Very critical below this price, this is both cheap and dangerous to sell.
GBPUSD : 1.3420 cheap cheap! definitevely good to try a buy long term.
For the rest of the currency vs $, honnestly, I won't try to short it further. AUD and NZD looks ripe for a reversal and the fundamentals would a guy like Peter Shiff laugh.
Enjoy your trades.