The dollar will probably gain strength today as part of corrections over multiple currency pairs. Since Wednesday last week the dollar has been worth shit. But reaching the resistance area around 1.14 calls for a correction to the downside till around 1.128 before pushing upwards again. Keep in mind the Euro isn't a very demanded currency either as rate cuts are also expected in the eurozone, and Powell's speech today can't possibly contain any new information about the Fed's decision for July 30.
Happy trading and set a responsible SL. A good ratio is the way for a more succesful trading session.
Happy trading and set a responsible SL. A good ratio is the way for a more succesful trading session.