Wednesday, 31 October 2018

[EUR]Strong Greenback 2018 1031

EUR/USD one-hour chart, source:FXDD.com


I expected the weak US dollar and recommend the Long Bias on EUR/USD or Euro futures, one of the major currency in short term.

But I should confess it was incorrect and change the bias to short in the EUR/USD chart.

The trade war between G2 and the higher interest rate of T-Notes lead greenback to hike.

I thought forex events might build the correction phase temporarily but the trend would keep up. But it was wrong.

Dollar will keep strong against another currencies. There will be the correction but 120 exponential MA in the one-hour chart will operate as the resist line or 1.1420 will restrain the rise of currency pair, EUR/USD.


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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화

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