The accumulation level clearly shows here.
Protective Hedges should be moved to 1.0830.
Immediate target(s) 1.1240. Quarter annual target(s) 1.1430/1.16
Profitable Trading
Summerset
Protective Hedges should be moved to 1.0830.
Immediate target(s) 1.1240. Quarter annual target(s) 1.1430/1.16
Profitable Trading
Summerset
Order cancelled
The loan officer survey undertaken by the FED, confirmed a coming trend in dollar credit contraction to combat inflation. This makes Dollar much more scarce in credit terms over the coming quarter, and is expected to appreciate against the Euro.Stand out of compiling longs at 1.093-1.0880>,and close out higher entries long taken at 1.10 levels on a coming market bounce into 1.0970 levels.
The market will be in a short term bearish Eurodollar trend to 1.075 at least
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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.