Price back up at strong resistance level that failed to break 4 previous times. I Believe we are still range bound for now, but a break & close above this level can give us some upside. Personally don't like to trade this pair often because it is too choppy but if there would be a chance to trade it, it would be now. Might see a slight pullback & retrace back up to potentially break this level. Also rejected daily 50 fib level again and pushed price down. If usd gains a lot more strength.. NFP Friday could potentially push price through this zone easily!
Note
the reason why I didn't take this.. This pair is breaking higher, usd strengthening
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.