It's important to see how the market reacts during a pullback, that's a chance to see what the underlying trade is doing, unfortunately, as of this moment, it looks like the EUR/USD may interfere with the pullback, although this is early.
This small triangle in the EUR/USD looks like it wants to break out to the upside which would interrupt the market pullback as the triangle itself already has.
You can see the pullback on a 5 min chart is interrupted by the presence of the triangle.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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