What we can expect to happen on this upcoming trade is for the pair to reach this bearish trendline that broke out last week and on the retest of this we can expect price to start pulling back up.
This along with the stochastic starting to become oversold shows us that we should see some upward momentum. We have already taken a nice profit on the sell of this...
Key levels for this week -
- Going into this week looking for bearish continuation
- Any pullbacks towards key level will be used for new entries
Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis...
Key levels for week ahead
- Overall market is in bullish structure but due to choppy market (potentially nice consolidation for continuation) will just let market breathe and show clearer signal for new entries.
- If DXY analysis goes as planned this pair should do as well.