EU still overall bullish. The pair has broke and retested above the 1.1000 psychology level, indicating a possible continuous bullish push. The DXY is on a bearish descend, fundamentals are pointing towards a long range target of 1.1500 while sentiment is 64% short, providing a further confluence for bullish movement. Looking for a retracment either into the 1hr...
Because the DXY had such a strong bullish rally, it cause XXXUSD pairs to tank lower. The 1hr zone did not hold and currently pricing within the 4hr zone. This is an ideal buy entry as long as the zone holds and create bullish bos on the smaller tf. TP will be set at the high point of 1.25200 FX:GBPUSD
Overall bullish, waiting for a retracement into the the 1hr institutional candle which also resides in the previous support and 147.500 psychological level.
