Hyper_ioN

Hyper_ioN

After this eventful week I can see two scenarios unfolding: (1) In normal market conditions I would expect a pullback to former support, followed by a move up to resistance. (2) Given the incredibly quick rally we just experienced, it doesn't seem far-fetched to think that there is a relentless force driving the AUD back to pre-covid levels. This would bring the...

Hyper_ioN

The EUR/USD will reach the bottom of its uptrend channel at the end of the US session today, after a 12h pullback. It will either bounce up to continue upwards or break out of the channel. Food for thought before Monday's opening! NB: Don't take a guess- patience is key so let the price action indicate a clear direction before you jump in!