A daily zig-zag is possibly nearing completion on the EUR/USD daily chart. The March 3rd low to the March 10th high is 200 pips. Projecting off of the March 9th low of 1.05251 we get 1.0727... From current price action, the 1.0750 level is acting as a short term resistance level.
The first reaction to the Fed raising interest rates was risk on but eventually, capital inflows will create US Dollar strength.This is something to be wary of...I'm looking to fade strength in EUR/USD. I'm a longer term trader...taking my cues off of weekly and daily charts. I am currently waiting for more information from the weekly/daily chart price action to establish any concrete set-ups.
The first reaction to the Fed raising interest rates was risk on but eventually, capital inflows will create US Dollar strength.This is something to be wary of...I'm looking to fade strength in EUR/USD. I'm a longer term trader...taking my cues off of weekly and daily charts. I am currently waiting for more information from the weekly/daily chart price action to establish any concrete set-ups.