Main Talking points:
- first cycle at early stages.
-the pair at wave 2 (strong dollar in light of rate hikes by the fed - see on fed odds to hike rates up to the end of this year and ECB decision)
- we may say the pair pushed down further in the short term.
It is not recommended to set your stops tight in order to give the pair time to take its shape and talking off the level seen today.
Good luck lads,
any suggestions is more than welcome.