It was a nice week and I believe those of you who followed my previous EUR/USD forecast made good profits. Dollar rallied thanks to government shutdown, as not many economic reports were released. So, I may say that absence of bad news is a good news. I mentioned many times before to understand money flow is crucial for traders. Even if you trade only DXY, you have to analyze all main economies.
Nearest time I expect to see a pullback in EUR/USD. But overall weakness will remain. Too much pressure on EUR – economic weakness, noise around Brexit, US-China trade war and coming ECB decision. All traders are confident there will be no hike (at least not before last quarter this year). Obviously, no monetary policy changes are expected.
Technically, I expect to see a pullback to 1.1469 level. But taking into account all fundamentals I possibility of price rejection at lower level. So, watch price action to take decisions. My swing targets remain the same – 1.11650 and 1.11200. Short term traders should consider profit booking at 1.12800 – 1.12600.

Wishing you a great week!

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