USD Strategy for Bullish and Bearish Scenarios as the Dollar Remains Near Lows

Talking Points: – This week’s economic calendar is back-loaded, with little by way of excitement until Wednesday and Thursday of this week. Wed marks the start of the Fed’s twice-annual testimony in front of Congress, and the Bank of Canada announces an interest rate decision. – The U.S. Dollar remains near 10-month lows as we […]

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EUR/GBP Pending Bearish Breakout

Market Condition: EUR/GBP Pending Breakout Target 1:______2X ATR at .8189 Target 2:______4X ATR at .8065 EUR/GBP, Daily Chart with ATR (Created Using IG Charts) The EUR/GBP has retraced off of its yearly lows with week, allowing traders to plan for the markets next breakout. As seen on the daily graph above, traders may plan for […]