My specialist indicator is flagging this pair as a SHORT trade.
With the Dollar Index under 100 and falling , USD SHORTS are worth exploring. On the daily chart the BEARS look to be well in control of this pair and with WS1 pivot below current price and under WPP Mid-Pivot, a run towards WS1 and the bottom of the shown channel is favourite.
I'm in at .9448 (green trend line) with a 83 pip STOP at .9731 and a TARGET of .9500 - which would be +148.
As usual, I'll be moving the STOP to BREAK EVEN or better as the trade progresses.
Might take a few days to hit target but its a set and forget trade that I expect to score with.
With the Dollar Index under 100 and falling , USD SHORTS are worth exploring. On the daily chart the BEARS look to be well in control of this pair and with WS1 pivot below current price and under WPP Mid-Pivot, a run towards WS1 and the bottom of the shown channel is favourite.
I'm in at .9448 (green trend line) with a 83 pip STOP at .9731 and a TARGET of .9500 - which would be +148.
As usual, I'll be moving the STOP to BREAK EVEN or better as the trade progresses.
Might take a few days to hit target but its a set and forget trade that I expect to score with.