Price failures and various forks (many undrawn here) support both bearish and bullish views. On the plus side we still have a higher low and have taken out a previous higher high and found support on the RL that started the whole thing back in early June. If price does not break below the crucial 1.2200 level then we should test previous highs next week but we have today and tomorrow and a whole lot of US economic news ( 1st Q GDP) to come.
In the last bottom RHS Metatrader 15min chart we see a retracement of bang-on 61.8% and now price action goes higher.
No comments:
Post a Comment