Hello all - DuncanForex here with another trade idea.
After GOLD breaking out from the consolidating triangle and heading higher - USD is weaker sooner than I expected.
Therefore, I'm looking to sell the USD>
Here is another opportunity to do that with the EURUSD>
With European PMI data coming out over the enxt few days into next week and the ECB meeting on the 25th - strengthening EUR.
With USD 50 points rate cut being priced in - USD weakness is ahead - especially with oversold indices markets.
I can see this pushing higher over the coming week
Thanks for looking
Duncan
After GOLD breaking out from the consolidating triangle and heading higher - USD is weaker sooner than I expected.
Therefore, I'm looking to sell the USD>
Here is another opportunity to do that with the EURUSD>
With European PMI data coming out over the enxt few days into next week and the ECB meeting on the 25th - strengthening EUR.
With USD 50 points rate cut being priced in - USD weakness is ahead - especially with oversold indices markets.
I can see this pushing higher over the coming week
Thanks for looking
Duncan
Trade active
Take Profit 1 hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.