Nice rebound from 114.54 (23.6% fib retracement of Trump rally) plus the upward sloping 50-DMA and the bullish break from the falling channel on the 4-hour chart suggests potential for a rally to 116.04 (former double top neckline support).
The 4-hour chart also shows a minor inverse head and shoulder pattern.
The 4-hour chart also shows a minor inverse head and shoulder pattern.
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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.