Hello everyone & Happy Wednesday :))
We are trading with the trend since it has been trending bullishly on higher time frames, attempting to break the daily 20-moving average. A new 4-hour high broke past MA 20&50 and a bullish engulfing candlestick closure to confirm the entry. We might expect a pullback towards mid-zone resistance that has now become support before it continues to go up. Both currencies are being bought, but we have President Lagarde's speech in 20 minutes, which will definitely shake the market
We are trading with the trend since it has been trending bullishly on higher time frames, attempting to break the daily 20-moving average. A new 4-hour high broke past MA 20&50 and a bullish engulfing candlestick closure to confirm the entry. We might expect a pullback towards mid-zone resistance that has now become support before it continues to go up. Both currencies are being bought, but we have President Lagarde's speech in 20 minutes, which will definitely shake the market