Currency market: FX next week

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No reprieve is in sight to the EUR/USD V DXY relationship however the EUR/USD bottom is extremely close and the conclusion to the crossover trades nea

rby. EUR/USD targets are a continuation from last weeks as 1.0575, 1.0669, 1.0834, 1.0912 and 1.1002. DXY targets easily 105.12, 105.05 and 104.92. Targets are mathematical certainties and must achieve destinations as demonstrated for the past million pips over 12 and 14 years. Trade ranges for EUR/USD and DXY are slowly expanding which means higher quality trades and profits in coming days.

Good sign to reveal the Fed is on hold and the next interest rate move is lower. Export lines remain pointed straight down and offers no assistance to Economics however exchange rates and movements suffer.Import lines remain currently the most vital lines. The ECB informed in 2016 the purpose for daytrades is to trade 4 and 5 am European and 8:30 am United States economic releases. Current movements are dead to trade very small natural day trade ranges.

 

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