Numerous recent news connected to US dollar create a sort of mess - at least in my head. So I decided to make this short review to be sure my overall understanding is still on track.
1. On daily nothing changed at all comparing what was in mind, say, half a year ago. Since early 2015 it's a consolidation between 1.15 and 1.05 after a steep downmove.
Thou there's one important addition - consolidation range got tigher, since Nov 2016 it's between 1.085 and 1.05.
There was an attempt to break this range down on late Dec 2016 but for the first time it failed.
2. On hours we're exactly in this tigher conso range, everyone here knows the technics of making money in such ranges.
3. So I'd expect some real events near top and bottom of this consolidation.
1. On daily nothing changed at all comparing what was in mind, say, half a year ago. Since early 2015 it's a consolidation between 1.15 and 1.05 after a steep downmove.
Thou there's one important addition - consolidation range got tigher, since Nov 2016 it's between 1.085 and 1.05.
There was an attempt to break this range down on late Dec 2016 but for the first time it failed.
2. On hours we're exactly in this tigher conso range, everyone here knows the technics of making money in such ranges.
3. So I'd expect some real events near top and bottom of this consolidation.
