It took an extra day, but finally hit target of 1600. Very likely we are near the 2-3 day highs. Barring any international (China/Trump) news, I expect a relatively sleepy day for eur/usd,....plan is to sell 1615-1620, s/l 1650 t/p 1580
Bigger picture, feels to me like the dollar will strengthen again, and we are going to test new lows sub 1500.
I am fascinated by the Fed, Tariffs and China. Its like a ping pong match. The Fed and Trump know that a strong dollar hurts China (Ultimately it hurts US stocks too). Now China is targeting Apple using them kind of like ransom. Crazy times, and for that reason, using stops are SOOO important and I expect many "tape bombs" over the coming days.
Good luck to all!!
Bigger picture, feels to me like the dollar will strengthen again, and we are going to test new lows sub 1500.
I am fascinated by the Fed, Tariffs and China. Its like a ping pong match. The Fed and Trump know that a strong dollar hurts China (Ultimately it hurts US stocks too). Now China is targeting Apple using them kind of like ransom. Crazy times, and for that reason, using stops are SOOO important and I expect many "tape bombs" over the coming days.
Good luck to all!!
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