Potential bullish move on this pair subsequent to it’s 104 pip drop from 3 month highs on 18th July, currently at FIB level and showing rejection on 1hr TF; a clear break to the upside could open up the window back above psycho level 0.7 especially with DXY starting to show signs of rejection after the bullish run it’s recently been on. Flash manufacturing PMI ahead which could affect the DXY, need to be wary. Targeting next FIB level at 0.7017 followed by 0.7045.
DXY:
DXY:
Order cancelled
DXY continued bullish surge and as such the pair reached the downside target highlighted on the chart
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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.