**This is an update to my original idea published on July 6th
TECHNICALS:
1.
- Price was forming a H + S Bearish reversal pattern
- Price broke through neckline support of the pattern to confirm
- Price is now re-testing the neckline (now acting as resistance)
- Neckline @ ~ 19.46
FUNDAMENTALS:
- A lot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs
Appreciate any thoughts/comments,
Thanks for reading,
James
TECHNICALS:
1.
- Price was forming a H + S Bearish reversal pattern
- Price broke through neckline support of the pattern to confirm
- Price is now re-testing the neckline (now acting as resistance)
- Neckline @ ~ 19.46
FUNDAMENTALS:
- A lot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs
Appreciate any thoughts/comments,
Thanks for reading,
James