Additionally, a potential pattern has emerged and a break of the lower would signal a move towards either the 50% or 38.2% fibs, e.g. 97.5 or 95.63 respectively.
I have a pending sell order below the lower with an initial target of the 50% fib level and will take split profits to see if price can reach the 38.2% fib.
Alternatively, if price continues to oscillate in the channel then it may rise back to the target of 100.5 and challenge higher highs? Question is, with a strong NFP report on the 08/01/16, where does the smart money think on placing the dollar?
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