The3MBlueprint

The3MBlueprint

The neck line has been broken and has begun it's descent. However there is the potential for a pullback to occur to the 1.967/1.957 area based on Fib levels 50.0 and 61.8. There is a forecast negative report on GBP growth this week which can contribute toward the continued downward movement.

The3MBlueprint

The USD has been on a bullish run with no seeming intent to stop. However there is a potential head and shoulders setup that is more easily seen on the 8H timeframe that may indicate a possible selloff to recover some imbalance. The TDI also shows a potential turning to the downside as it is over the 60 level. The current pullback will give a better entry with...