When we look at a number of majors and say there is no obvious resistance ahead, then you know something is up…literally! And so there are key breakouts in nearly every major currency pair today as King Dollar wilts and slides through the 90 level in DXY for the first time since early 2018.
Where to look for the big moves? The Euro has pushed through 1.22 to new highs, cable powered past 1.36, USD/JPY went through 103 and the Aussie surged above 0.76.
When the downtrend is strong and you have a pause in price action, history tells us that compression of trading ranges leads to… Read More:
For all Articles related to FXTM please click here