Potential opportunity to go long at this area.
This could be a breakout and re-test scenario playing out with first target at 1.138.
Asian session has been continuing the sell off of the dollar from US session after data printed last week.
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Personally am expecting the same thing to be happening again, Asian session to continue from US session sentiment, and continue buying dollar on expectations of further rate hike after today's print. Will be staying out for more confirmation.
But I will be keeping a close look on the following areas.
S1 1.1107
S2 1.10551
S3 1.10029
Should prices breach any of these level, I will be expecting it to meet the trendline again.
This could be a breakout and re-test scenario playing out with first target at 1.138.
Asian session has been continuing the sell off of the dollar from US session after data printed last week.
----------
Personally am expecting the same thing to be happening again, Asian session to continue from US session sentiment, and continue buying dollar on expectations of further rate hike after today's print. Will be staying out for more confirmation.
But I will be keeping a close look on the following areas.
S1 1.1107
S2 1.10551
S3 1.10029
Should prices breach any of these level, I will be expecting it to meet the trendline again.