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- #106,825
- Dec 31, 2020 5:32am Dec 31, 2020 5:32am
I would expect a monthly correction pretty soon if not today, we are at a confluence point of multiple technicals on the monthly chart that might stop further gains for this pair, at least for now. I still want to see a bigger correction of this 1800 pip rallye from the bottom before we should head higher and the dollar(dxy) could also need a correction before further declines. We could see a last blowoff for stop hunting so that market makers can position themself for a short position but I canīt see it go much higher from here. Itīs too expensive and needs new buyers on lower levels. 
- #106,833
- Jan 4, 2021 6:17pm Jan 4, 2021 6:17pm
- Joined Aug 2005 | Status: 888 | 1,053 Posts
a break of 1.000 would probably see it turn south long term, gl
grist for the mill
- #106,834
- Jan 4, 2021 8:49pm Jan 4, 2021 8:49pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
- #106,836
- Jan 6, 2021 11:49am Jan 6, 2021 11:49am
- Joined Oct 2019 | Status: Trader | 2,448 Posts
Master your mind. Master Trading.
- #106,839
- Jan 8, 2021 4:24am Jan 8, 2021 4:24am
About correlation with iron, copper and others Copper futures is around a good area where longs can take profit {image}
On Daily TF main target is around 0.7920
- #106,840
- Edited 8:13am Jan 8, 2021 7:59am | Edited 8:13am
- Joined Aug 2005 | Status: 888 | 1,053 Posts
grist for the mill