Everything played well in the recent week, EUR bearish, FUS500 bearish, JPY bearish. Market had to wait till Friday for increased volatility. Fed fund futures indicate now Sept. hike 33% prob. (prev. 21%) and Dec. far above 50%.
I maintain my view from the past few weeks. There is still some space for discounting rate hike. I expect September to be in play above 50%, what would strengthen USD, but no lower than 1.10-1.11. Maybe my medium term target will be entry for braking the range form the upside. Slowly I start to see long term target changed to 1.20 area. Waiting for the month end to have clearer view.
Short Term: Bearish/Bullish
Medium Term: temp. buy 1.1130-50
Long Term: Bearish temp. sell 1.14
Short Term: Bearish
Medium Term: Lower limit 2105-2115 and 2052-55
Long Term: Lower limit 1825
Short Term: Bullish
Medium Term: Upper limit 105.90-106.10
Long Term: Lower limit 98.10-98.40