Neutral depending on break or bounce
Candle sticks on the 15m timeframe are showing exhausting but 4 hr candle sticks showing heavy bearish engulfing. It is currently hitting a major support at 1.227. If it breaks then i see continuation fall and if it bounces i see a rise to the resistence and major downward trend line. Also, keep in mind the FOMC is coming out wednesday which will make this pair very volatile since its a new Fed chair man. been reading its suppose to strengthen the usd so keep in mind and be careful this week trading USD.
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