The FOMC minutes are released today later in the US session, therefore some more consolidation can be expected. The current trend is still not violated as we can see on the chart above and thus we are still - theoretically spoken - situated within a bullish probability.
The main risk here is carry trade unwinding as the major indexes continue to sell off and commodity based currencies are taking a huge hit. We stand aside.
******
Disclaimer: All statements and expressions in this analysis are opinions, and not meant as investment advice or solicitation. Forex can be volatile and opinions may change without notice
No comments:
Post a Comment