I still say it's going to go back up. There's too much negative political tension to keep the USD strong. I'm still long on the USD, I just added an additional Long trade into this pullback. My target is still 1.1820
The single currency recorded a decline against the US dollar on Thursday. The currency pair opened at 1.1733 and finished 58 pips lower. The price managed to break the first support at 1.1700 and if the direction of the traffic went down, there would likely be a breakthrough in the next support at 1.1520.
as this week prediction was right, next week seems to have bullish tendency, and this is just price prediction, not including fundamental sentiment... but be aware of reversal... there are possibility of it.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.