Trade what we see:
Price was trading sideways using fib levels to determine short term direction.
Fundamentally the USD is still bullish and we have GDP and NFPs this week to contend with.
Price has broken the daily bearish trend line and buyers have entered the market.
We've pushed passed the 71.8% retracement and now looking for TP at the 1.2 extension level.
Price was trading sideways using fib levels to determine short term direction.
Fundamentally the USD is still bullish and we have GDP and NFPs this week to contend with.
Price has broken the daily bearish trend line and buyers have entered the market.
We've pushed passed the 71.8% retracement and now looking for TP at the 1.2 extension level.