Nearly at the end of the triangle
Month end rebalancing could mean risk on equities and risk off dollar.
The EURUSD triangle is nearly complete. We will know in August, with a move to 1.14-1.16 as the Fed is likely to pause in Sept, October and the any increase in rate hike will only be in November.
The EURUSD triangle is nearly complete. We will know in August, with a move to 1.14-1.16 as the Fed is likely to pause in Sept, October and the any increase in rate hike will only be in November.