Fed policy may drive the Dollar @1.41588
With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements.
The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon.
As for the chart, a HS Pattern upon completion with the daily trend AND Aug Resistance acting as consolidation. If the price manages to break beyond these points then I am guessing that we're going to be up for a hell of a ride towards October highs @1.43587 (201 pips) to then briefly correct near November highs then continue its surge and even push further than October highs.
Stop Loss centered within Left Shoulder which is also below short term support @1.40929 (66 pips)
This was made through research and insights gathered.
Let me know what anyone thinks, I believe we're really onto something here!
Regards
The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon.
As for the chart, a HS Pattern upon completion with the daily trend AND Aug Resistance acting as consolidation. If the price manages to break beyond these points then I am guessing that we're going to be up for a hell of a ride towards October highs @1.43587 (201 pips) to then briefly correct near November highs then continue its surge and even push further than October highs.
Stop Loss centered within Left Shoulder which is also below short term support @1.40929 (66 pips)
This was made through research and insights gathered.
Let me know what anyone thinks, I believe we're really onto something here!
Regards
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