Price broke out of its downtrend channel on Thursday after U.S. higher job report numbers. Now a retest is needed which NFP helped out on Friday get a slight retracement. More dollar strength expected & a rate hike in December. Lets see if we can get a clear uptrend of higher highs & higher lows from now on forward..
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may get a wick or candle touch to the moving averages before pushing up, definitely possible.. Something to look out forNote
looks like we may be forming that right shoulder to the inverse H&S patternNote
expecting dollar weakness for now, PPI numbers on Thursday could bring back some strength to this pair
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.