The market talks. Listen. Multiple factors pointing long. Downward trend line is no longer valid. Retest and break of proven resistance at approximately 1.17160, market closed multiple candles in lower time frame, respecting the new trend line. Projecting average of 90 pips before it enters previous resistance area at approximately 1.18350. Wait for retest of...
60 min follow up, high probability of pullback after a strong push above the trend line breaking previous resistance, moderate pullback followed after a doji candlestick, giving possible sign of trend reversal, but price did not close below current support giving higher probability of pullback within resistance level for trend continuation.
EURUSD reached its lowest, tested and broke off. Pushed past a few levels before NFP. NFP reads positive for the month of July, possibly a trend continuation. No major decisions yet as market closes for the weekend and price is left dancing in resistance zone.