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!
Note
also a double top to key resistance 1.18140 area, & a potential H&S PatternNote
watch for a break of 1.17290
Disclaimer
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.
Disclaimer
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.