We are marching towards the 1.10 WEEKLY SUPPLY/SELL zone after breaking through 1.08 post CPI yesterday price has also created a new high in the current leg also creating a newly formed DEMAND/BUY zone around 1.06.
Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now moving into an uptrend on the weekly charts.
What you should expect to occur next is for a move up towards the 1.10 weekly SUPPLY/SELL zone this will be a good area for a good area for a short SELL trade to target the newly formed DEMAND/BUY zone around 1.06.
This area will also be a good area to buy back in to target the Monthly SUPPLY/SELL zone at 1.14.
I will start to look for SELL signals on my TRFX indicator above 1.09.
Let's see...