Overall trend is bullish, but with friday's NFP we saw a touch of 61.8% fib retracement leaving a huge wick and a shooting star candle. Target is 127.20 fib extension. Instructions on-screen.
DOUBLE BOTTOM PATTERN AT DAILY RESISTANCE WITH A BREAK AND RETEST OF NECKLINE WITH THE NECKLINE TOUCHING .50 FIB RETRACEMENT, POSSIBLE LONG TILL PREVIOUS DAILY RESISTANCE.
THE PAIR IS MOVING IN A DOWNWARDS CHANNEL, WITH A POSSIBLE HL AT TRENDLINE (IMPULSIVE MOVE, PEOPLE WILL TAKE PROFITS) WE COULD SEE A NICE CONTINUATION OF TREND HITTING THE NEAREST LL. RSI APPROACHING OVERBOUGHT ZONE, DXY BROKE ASCENDING CHANNEL TO THE DOWNSIDE. WAITING FOR MORE CONFIRMATION.
