With the US Elections slowly approaching and both Candidates facing the heat from the public due to their values and past history, uncertainty of the future for the US Economy looms large.
Wonder why the US currency holds so much strength at the moment?
In my view investors are creating highs and preparing for a major downside move (Golden rule = Buy Low, Sell High).
Along with this fundamental view the technical analysis completely aligns.
0.99500 Perfect place to short.
However, the election may bring some spikes so we could see the pair head to 1.00500 before making its way down.
Target 1 - 0.96500
Target 2 - 0.95500
Target 3 - 0.91000
Wonder why the US currency holds so much strength at the moment?
In my view investors are creating highs and preparing for a major downside move (Golden rule = Buy Low, Sell High).
Along with this fundamental view the technical analysis completely aligns.
0.99500 Perfect place to short.
However, the election may bring some spikes so we could see the pair head to 1.00500 before making its way down.
Target 1 - 0.96500
Target 2 - 0.95500
Target 3 - 0.91000