Price has retraced after hitting a resistance, but with dollar strength I anticipate another bullish stretch based n higher time frame analysis. Price rejected a higher tf 764 fib to move upwards earlier this week and has now formed a double bottom on the 1hr tf to create a support allowing a retest of1.26500. We are also respecting 1.26000 psychological level. With FOMC news later today it will be interesting to see how price reacts.
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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.