Not only
did EUR/USD reach the target at 1.2850 but it broke above that level and
reached 1.2887. I admit that I did not expect it would climb this much this
quickly, but I cannot say I am displeased about it because I profited from my
long positions. Congratulations to everyone else who did too. Now the question
is what follows next. At the moment I am not seeing any signal that it might
head down, but it is too early to tell. On the other hand, it might keep
climbing until it reaches target 1.2950 though it might need some time to get
there.
Congratulations for the nice results.
ReplyDeleteEURUSD yesterday rose to 1.2886 following the unexpected news that US Advance Retail Sales fell by more than predicted in September. Most economists had already estimated a 0.1% fall in September, but sales fell by 0.3%.
ReplyDeleteI think the correction would take a while.
ReplyDeletevery good analysis.
ReplyDeleteWell done, thank you.
ReplyDeleteAlways enjoy… Thanks!
ReplyDelete