Fundamental tell us to short the dollar: economic data in the us and eu. Natural disasters, however, seem to make inflation to peek, nonetheless, it is conjunctural, economy is overheated and jobs start to slow down. As long as the hurricane is threatening we may have long potential on shelter currencies and a possible rate hike risk because of the added inflation.
Technical: it finished its last wave on a major resistance and now is time to pullback to its last major support 1.925 which is the same 61% fibonacci level. if accomplished, the next target will be 1.23
Technical: it finished its last wave on a major resistance and now is time to pullback to its last major support 1.925 which is the same 61% fibonacci level. if accomplished, the next target will be 1.23