- As suspected for some time already, big underlying change taking place in USDX.
- Monthly : Difficult to find a trade here due to large zig-zag and overlaps.
- Weekly : One of my favorite formation. Long consolidation band followed by a periscope-like pop up.
- Daily : As per weekly periscope. Yesterday's pullback to 75.41 was the perfect buy signal. Missed it. Damn!
1 comment:
The ECB introductory statement was dovish, with the ECB changing its assessment of inflation risks to "broadly balanced" and assessing that risks to the economic outlook are now on the "downside" (from "broadly balanced").
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