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Head and Shoulders pattern showing some form of resistance around the 113.300 level. Without any real fundamentals I don't think a break through will be possible. December rate hike is slowly being priced in. 3 rate hikes being confirmed next year should help with short positions but a caution if the FED commit to an addition of a fourth.
Non Farm Payrolls were better than expected today 8th of March. Next week Fed is most likely to do a hike rate. Which will be good to control inflation in the US, and dollar will gain strengh.
Now he have clearly broken the trendline are are expecting the C of the correction of the first bullish impulse. rejection of the 38-50 or 61 will give me a valid entry to ...