The common currency has surrendered gains and is now trading largely unchanged on the day around 1.0980 levels. The pair clocked a high of 1.1299 earlier today.
Consequently, the daily candle is now a Bearish hammer.
The overall action suggests the spot is likely to be in a downtrend ahead of the December Fed meeting. Financial market stability post Trump victory means heightened odds of the Fed rate hike in December
Consequently, the daily candle is now a Bearish hammer.
The overall action suggests the spot is likely to be in a downtrend ahead of the December Fed meeting. Financial market stability post Trump victory means heightened odds of the Fed rate hike in December
