Is this a possible level for Copper to take a breather? The reaction line that i have been watching for some time is from a massive fork in the monthly TF & as such should not be messed with or disregarded. We have already seen a small drop in prices today from this RL that sits across the path of price. What is the icing on the cake is my interpretation of the indicators shown in the 240 & daily charts above. The ADX hoovers around 25.00 but the slow stochastic is way up and we have massive divergence in the MaccyD. I sit and wait to see if we have a break below 457.00
EURUSD
The Euro seems to be making heavy weather of this RL that i posted last week and supported price and now is providing significant resistance. A break above may present opportunities.
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