DislikedHikes look inevitable for mid year. Core CPI leaves the doves with little room for manouevre and crazy NFP numbers causing an inverse reaction with equities means the actors are getting on the same page. If the FED don't hike mid year they are not doing their job. We don't need to wait for decent retraces here to play dollar strength: 1.076 is the first plain target but we'll need to be more nimble and play off the mini ranges to get there. I've got 1.087 as the top of this mini range; an intraday bull trap with Frankfurt/London is the plan but...Ignored
Reference on this pair to play the trap shifts up slightly to 1.088 while 1.087 holding the test as support for now.