104 days ago • Posted by William Ramstein
Is the USD attracting investors amid volatility on Wall Street ?
''A sustained move over 90.485 will indicate the presence of buyers. If this move can create enough upside momentum then look for the rally to extend into 90.880 to 90.948. Taking out 90.948 will indicate the buying is getting stronger. This could trigger an acceleration to the upside with the next potential target 91.370. However, a sustained move under 90.485 will signal the presence of sellers. If this generates enough downside momentum then look for a possible test of 90.055 to 89.845. The latter is a potential trigger point for an acceleration into 89.165.''-Bloomberg