We've been tracking this cross for a while now and currently this single trade is adding 27% profit to my account. Thursday closed above 8.0 which confirms our bullish outlook. Price tagged 8.0 earlier this month but failed to close above this level and created a doji, which might have served as a counter-trade signal for many. For us it was just an indecision candle and as you can see, in the next three days price returned to the resistance and this time managed to close above it.
If this new support holds we expect further strength, but with NFP coming on Friday better wait until next week with any decisions.
If this new support holds we expect further strength, but with NFP coming on Friday better wait until next week with any decisions.