Hi Bro
Thanks, yuo seem to be quite clever with all this.
Looking at this, since we're lower than 165/163. does this mean we wont go up to 166 again. My confusn is since dollar is almost as weak as cable, why is everyone thinkng it will go to 1.5x this month ornext. Also, the earnings reporting season starts in the US next month, in your experience, doesn't this put pressureon the dollar
Thank you so much.
"Now, looking at the charts this is what I see:
I am taking a swing trade South, but expect a possible spike up before we go. We need to drop from here to pick up further buyers if we are to sustain a move above 167/8/9. The drop in my opinion may be lower than 165/163 area and would then be in danger of triggering a move below the bottom of the range at 161."
Thanks, yuo seem to be quite clever with all this.
Looking at this, since we're lower than 165/163. does this mean we wont go up to 166 again. My confusn is since dollar is almost as weak as cable, why is everyone thinkng it will go to 1.5x this month ornext. Also, the earnings reporting season starts in the US next month, in your experience, doesn't this put pressureon the dollar
Thank you so much.
"Now, looking at the charts this is what I see:
I am taking a swing trade South, but expect a possible spike up before we go. We need to drop from here to pick up further buyers if we are to sustain a move above 167/8/9. The drop in my opinion may be lower than 165/163 area and would then be in danger of triggering a move below the bottom of the range at 161."
DislikedCant post the whole quote and charts from a week ago, but link to post is here:
http://www.forexfactory.com/showpost.php?p=3052516&postcount=165189
Have a read and let me know what your views are.
[color=black][font=Calibri][size=3][font=Calibri]I...Ignored