New Month's aftermath is that never go against the bigger timeframe. Monthly chart is bearish and looking towards 0.8225. It may not reach that low, but none knows what might happen next. A shorter view of the chart makes me think that it will move to 0.9700 next and so I should target at least until there first on my weekly trades by getting in and out fading bounces in smaller timeframes.
Tomorrow NFP may not come above the forecast of 300k, but USDX is strong yet and we also should see US CPI numbers and what FED needs to do to lower the prices.
ECB next week may surprise with a quarter more on its hike, but I remember what happened at the surprise that came after it raised the IR at 0.50% for first time after many years. EU droped many pips back then after only a short time bounce.
I will close around here, I hope you have some great pips this Month all
See you tomorrow!
Tomorrow NFP may not come above the forecast of 300k, but USDX is strong yet and we also should see US CPI numbers and what FED needs to do to lower the prices.
ECB next week may surprise with a quarter more on its hike, but I remember what happened at the surprise that came after it raised the IR at 0.50% for first time after many years. EU droped many pips back then after only a short time bounce.
I will close around here, I hope you have some great pips this Month all
Looking for profitable short term trades ...|
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