waiting for price to test level of support. will be looking at price action
with 24hrs to go before NFP, I will be watching this pair to see how it reacts to the major news. this pair has been slow this week so only price action can tell. keep your eyes open with this pair as the gap still needs to close with approx. 1000 pips to go.
refer to my previous post. here we have a head and shoulder pattern with a strong bearish candle break through trendline. possible target of strong daily support 128.000
if price closes with a strong bearish candle we can see price heading down to retest support level of 128.000. On 4h we have a head and shoulder pattern forming.
good day traders. price has pulled back to our 50% fib level after being in a nice rally to the upside since 24 august 2017. if price respects this level of 1.32000 we can see another rally to the upside of about 550 pips (1.37000)