That fundamentals favour trend is not a new. Early to say, the awful reading in advanced U.S. GDP is better than expected, and dollar is pushing to the upside, particularly against Euro and Swissy. Watch previous minimums or maximums: a break trough could trigger more dollar buying; yet wait a couple of 15 minutes candles, till the news effect sets up.
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2 Responses to “U.S. Bad news, not that bad”
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Yes, I think the dollar will continue to gain strength against the Euro to at least test the 1.2500 level.
Hi Casey and tks for your opinion. I will take today to see a longer perspective in the pair
Regards
Val