Our 2 #EURUSD short at 1.1868 and 1.1904 with stop at 1.1863 survived yesterday's post ECB spike. The price made new daily high at 1.1862 following Draghi's press conf. Missed our stop by 1 pip. Pure luck!
December 13, 2017
Gold futures on the COMEX division of the New York Mercantile Exchange fell to a new five-month low on Tuesday amid anticipation of another interest rate hike.
The US central bank's Federal Open Market Committee has kicked off a two-day policy meeting. It is widely expected to announce the third and final interest rate hike of 2017 on Wednesday.
The market is also looking forward to the Federal Reserve's guidance for 2018.
The dollar index stood at 94.071, having risen to 94.219 on Tuesday, its highest level since Nov. 14.
Checking the DollarIndex (DXY)
When I trade a currency pair I also look at how they're performing on their own. The DollarIndex has been getting weaker this year and the correction seems to be over as well. This confirms the idea for EURUSD.
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The Sterling is pushing up and has to deal with serious trend key area at the next day's/ weeks.
1.3500 Might open (high %) the door for the 1.45/1.50 levels at the next year. 🧚♂️🏌️♂️
At our community, we will wait for confirmation and then we will ask to join.
FYI: Earlier this year,we ask from our members, to buy the Sterling at 1.2150 (!) for 1.3000...
Now- we ask 1.3500 For 1.5000.
FOR BETTER PICTURE RESOLUTION 👇👇
Nys Trading Team
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