Are we seeing the start of some USD strength?
Nice bullish candle to break the descending trendline and 50MA
Would like a pullback to retest the trendline and reject the golden pocket area of the FIB creating a new higher low.
Were looking at a change in direction for this pair.
We have seen a break of the descending trendline after a lot of bearish movement. Forming a new higher high, likely to be a small pullback/retest before making further upside movement. A good entry would be in the golden pocket area/rejection of the 50MA.