EURUSD will go down to 0.80. Not like right now, but it is going down there. History repeats, in case many of you have not noticed it, yet.
Is the dollar rally about to fail?
With the market settling down again after the risk rally of the earlier part of the week, the question becomes whether this dollar rally is simply just another chance to sell. There are signs that suggest that the rebound in Treasury yields which helped to drive the dollar rally, is now stalling, and the Dollar Index seems to have unwound back into resistance again. As the European session take over the dollar rally is losing steam. Key markets such as EUR/USD and Gold are finding support, whilst the 10 year Treasury yield is also rolling over around 2.16%. Tomorrow’s US inflation could be crucial to the near term outlook and this could ... (full story)
- Posted: Sep 13, 2017 4:07am
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 2,033