Disliked{quote} I believe we will hit at least 59 1st before going past 1.65. I seriously doubt G/C going beyond price channel since 2010.Its been within it for over 3yrs. For this pair to go higher past 1.65 there must be real fundamental reasons change ie serious drop of oil prices..which I don't see it happening. Yes upside has tremendous potential but that upside was coming from 2008 crash.In my humble view global economy is stagnant and no country's economy is dominate to cause extreme shift. Regards {image}Ignored
With that said, absolutely this will go down before a retrace up. But from where I'm sitting, the downside can be quick and nasty. I have my SHORT on, believe me. However, the return upwards will be interesting. One I will keep an eye on.
Have a good remainder of the weekend!