As you can see from the chart, we've had a clean bearish break of the Weekly trendline and have now come back to retest it (into previous structure).
News next week is going to determine this pair's fate, but at the moment i'm expecting another bearish push down to 115.00.
News next week is going to determine this pair's fate, but at the moment i'm expecting another bearish push down to 115.00.
Note
I have readjusted my up trend trendline and it appears price has re-entered the up trend.This could mean potential for further upside momentum.
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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.