This is what im looking at for this pair. Since last Tuesday price has rallied sharply to the upside. Yesterday it reached a descending trendline dating back in January and failed to break above it. What I am expecting is a short term continuation pattern and then a break out to the upside.
Later today Fischer and Yelen will both give a speech. If we get a hawkish rhetoric for a rate hike in March then the dollar bulls will take over and send the pair higher earlier than expected.
Later today Fischer and Yelen will both give a speech. If we get a hawkish rhetoric for a rate hike in March then the dollar bulls will take over and send the pair higher earlier than expected.
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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.