Price broke a key level last week & has been moving in about a 40 pip consolidation period. Dollar's strong PPI numbers release this morning gave this pair more of a sense of direction & seems to be trying to break support now. I will look for a clean daily close before placing my entry as price can easily come back up into consolidation for some time until tomorrows FOMC minutes meeting.
Trade safe!
Trade safe!
Kommentera:
also a double top to key resistance 1.18140 area, & a potential H&S Pattern
Kommentera:
watch for a break of 1.17290