Hello all - DuncanForex here with another trade idea.
After GOLD breaking out from the consolidating triangle and heading higher - USD is weaker sooner than I expected.
Therefore, I'm looking to sell the USD>
Here is another opportunity to do that with the EURUSD>
With European PMI data coming out over the enxt few days into next week and the ECB meeting on the 25th - strengthening EUR.
With USD 50 points rate cut being priced in - USD weakness is ahead - especially with oversold indices markets.
I can see this pushing higher over the coming week
Thanks for looking
Duncan
After GOLD breaking out from the consolidating triangle and heading higher - USD is weaker sooner than I expected.
Therefore, I'm looking to sell the USD>
Here is another opportunity to do that with the EURUSD>
With European PMI data coming out over the enxt few days into next week and the ECB meeting on the 25th - strengthening EUR.
With USD 50 points rate cut being priced in - USD weakness is ahead - especially with oversold indices markets.
I can see this pushing higher over the coming week
Thanks for looking
Duncan
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