2016Sep12 I am going long to 1.1271 with a stop at 1.1200.
The price has already retraced to the 38.20% Fib level (1.1241) after a very dovish speech from Brainard.
With the possibility of a rate hike in the near future a little less likely I believe the pair will reach the resistance level of 1.1271 (view on daily chart).
The price has already retraced to the 38.20% Fib level (1.1241) after a very dovish speech from Brainard.
With the possibility of a rate hike in the near future a little less likely I believe the pair will reach the resistance level of 1.1271 (view on daily chart).
Note
Target reached, although the stop came extremely close.
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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.