An interesting day for both of these currencies as they came under the effect of major scheduled fundamental events.
1.5800-1.6000 looks to be a critical level with a break could see this pair fall to a 1.03500 at a minimum
A break off 1.7500 can lead to 1.0800 and ultimately 1.08500. I doubt we will see these highs as between CMP and 1.7500 sit alot of sellers.
That being said, the USD is reacting to every trump speech at the moment and with the auguration tomorrow, beginner traders may want to sit this trade out and wait for the 'trump effect' to calm.
1.5800-1.6000 looks to be a critical level with a break could see this pair fall to a 1.03500 at a minimum
A break off 1.7500 can lead to 1.0800 and ultimately 1.08500. I doubt we will see these highs as between CMP and 1.7500 sit alot of sellers.
That being said, the USD is reacting to every trump speech at the moment and with the auguration tomorrow, beginner traders may want to sit this trade out and wait for the 'trump effect' to calm.
Kommentera:
22 pips in profit...looking to solidfy all positions before trumps speech
Trade stängt: Stopp nått:
Closed out at break even.
