Imma let the chart speak for itself...
Trade active:
fairly risky, indeed (not by risk/reward but rather a solid upside resistance, still persisting).. but hey, account's showing some idle fiat €uros waiting to be put to work and as I'm quite confident regarding the 38.2 Fib level (end-June high to OCT low) coming in @ 1.083ish in confluence with the another 38.2 Fib (OCT low up to today) providing sufficient support for the next leg uppppp!
After Wednesday's "FOMC-Rally" and two consecutive reversal days we are right back at Q4 highs, leaving another double-bottom base behind… which should provide enough additional support AND momentum to catapult us out of the sub-1.117 trading range - all the way up to my estimated Interim high sittin' @ 1.14ish (also matching the end-June high ~ last cycle high)…
Gonna be an interesting next week to behold, no doubt!
LET'S GO!!!