This setup is also valid for the inverse correlated pair EURUSD .
After bad NFP data i expect the USD to weaken next week.
We see the price is forming a big after a huge long term rally.
Last ABC pattern seems to be completed. Some other reasons:
- 1.61 fib projection
- divergence on
The ideal target would be near the 200 and the lower (near 95.000 price). I will be looking to buy at that area.
First target: last lows
Second target: near 200 and support (near 95.000)