Updated

Further downside on the horizon?

BOE dovish, Fed hawkish and with a rate hike back on for December, the old lady will most likely tumble further.

We should go into consolidation mode today before resuming the down trend. Market will most likely test the 1.5100/1.5200 levels first.

Note

High of 1.5145 reached

Note

High of 1.5186 reached - price action behaving as predicted.

Note

1.5194 hit. Will consider entering a short, will wait to see what happens at the London FIX time.

Note

Entered Short at 1.52.40 with stops at 1.5300 - TG area 1.5000 then 1.4800

Investomaniauk

Also on:

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.

Investomaniauk

Also on: