looking a short trade price broke structure wait for pullback GL
short opportunity sell limit below 3 pip, stop loss above 3 pip
US dollar surges higher on Delta concerns, hawkish FOMC Minutes The US dollar has rallied against almost every other currency in the world in the past week, particularly versus emerging market ones, as investors avoid risk assets and ramp up bets in favour of Federal Reserve policy tightening.
The EUR/USD pair trades at its lowest since November 2020 in the 1.1670 price zone, as concerns fueled demand for American currency. The FX board rests on two legs these days: higher chances of US tapering and the spread of the coronavirus Delta variant.
The GBP/USD pair dipped toes below the 1.3800 level before closing above. Economists at OCBC Bank expect the cable to tackle the 200-day moving average (DMA) at 1.3779. See: GBP/USD to plummet towards the 1.3571 July low – Commerzbank Re-engage downside “The 200-DMA (1.3779) remains the immediate target, followed by 1.3732.” “Expect the pair to continue...
WE HAVE NICE DAILY WEEKLY REJECTION SO WE CAN SEE A SHORTER TERM SELL OPPERUNITY BEFORE CONTINUATION TO THE UPSIDE