Hi traders,
The euro rallied with no pullback days last week. This is an asset that is closely correlating with the dxy movements. I believe the dxy weakness and traders looking for the long trades off the bottoms drove the move.
In order to trade this asset, we need to let the charts make a move for us and ride its momentum.
I would like to see the asset continue its rally into the 110800 level and sell off into the 110000 handle.
All the best,
Aardall
The euro rallied with no pullback days last week. This is an asset that is closely correlating with the dxy movements. I believe the dxy weakness and traders looking for the long trades off the bottoms drove the move.
In order to trade this asset, we need to let the charts make a move for us and ride its momentum.
I would like to see the asset continue its rally into the 110800 level and sell off into the 110000 handle.
All the best,
Aardall