Description
⋅ We have respected the down trending line and pushed below the 97.00 area post FOMC speech.
Previous support at 97.00 has now turned resistance and we are looking at price pushing back up to retest this.
We see our golden FIB area lining up with this 97.00 area and we are hoping to see price bounce from here to come down to the 96.50 region.
Lets see how the New York session pushes this pair today as trading desks close for the week.
I am looking for US Dollar weakness next week if this technical analysis can be obeyed.