
Biden Unveils $1.9tn Aid Package
Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]
USD spiked strongly after FED decided to hike rates. The rate was hiked before Trump was inaugurated so it leaves room for more hikes to come. I personally expect no more than 2 rates in 2017. FOMC statement was hawkish and generally USD could renewed strength.
Technically the EUR/USD should stay below 1.0600 in order for bearish momentum to prevail. At this point we see a bullish regular divergence that is driving the price to the upside in a form of retracement. POC zone for new shorts could be within 1.0550-65 (bearish order block, 23.6). 23.6 is not a strong retracement point but in strong trends, the price tends to retrace no more than 23.6. Targets are 1.0500 and 1.0455. Have in mind that 1.0455 is a major support now and only a 4h close below 1.0450 would signal for a continuation move towards 1.0400 and 1.0345.
Thursday, 15 Dec, 2016 / 11:06
Source : http://www.admiralmarkets.com/analytics/technical-analysis/
Biden Unveils $1.9tn Aid Package
Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]
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