The weekly candle will do 1 of 2 things today.
It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant)
or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst
0:0 Intro Monthly/Timeframe
0:58 Daily timeframe
3:43 Weekly timeframe
5:43 4Hr timeframe
6:07 1hr timeframe
It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant)
or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst
0:0 Intro Monthly/Timeframe
0:58 Daily timeframe
3:43 Weekly timeframe
5:43 4Hr timeframe
6:07 1hr timeframe
Comment:
The weekly candle pulled back up with Consumer sentiment data on Friday as the numbers came out worse than expected. this created USD selling and Eur buying as we observeed a dramatic move to the upside and rejected our 4hr level 1.08
Comment:
