After a heavy few bullish days, I think we may see a retrace ( to the area marked on the chart ). However, for this afternoon's US session the rally may continue. The daily chart is still very bullish, the dollar is still bearish. We made need a healthy retrace to balance the price for further upside. My overall target for the next few weeks is 1.0250.
Note
Setup is slowly starting to play out. I will be looking for entries after 02:00 GMT. Its looking bullish for US sessionNote
we have lift off !
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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.