The pair is trading in a sideways triangular area,
that doesn't mean it is a golden opportunity to buy , but this is the scenario in which i prefer to go long and target 100% Fibonacci expansion.
excluding Job reports some bad figures are showing up in the United states when it comes to industrial and services growth... thus meaning same/slower pace of tightening.
Euro pair might benefit from any US rate hike that is already discounted in the market. ( 76bps or less).!!
that doesn't mean it is a golden opportunity to buy , but this is the scenario in which i prefer to go long and target 100% Fibonacci expansion.
excluding Job reports some bad figures are showing up in the United states when it comes to industrial and services growth... thus meaning same/slower pace of tightening.
Euro pair might benefit from any US rate hike that is already discounted in the market. ( 76bps or less).!!