After the January doji, the February candle is very important for the trend of the next few months. A bullish candle with a close above the 1.153 zone could be a good medium / long term bullish signal.
Andrew's fork has been respected for now, the change has moved away from the base starting to give signs of strength also on the indicator. In a bullish phase, and here the Fed will play a very important role, the median line of the fork is the first objective, overcoming first the resistance levels 1.172 and 1.188. If confirmed in February, the spring months will be on the upside. This information should not be overlooked for those with a dollar portfolio.
Andrew's fork has been respected for now, the change has moved away from the base starting to give signs of strength also on the indicator. In a bullish phase, and here the Fed will play a very important role, the median line of the fork is the first objective, overcoming first the resistance levels 1.172 and 1.188. If confirmed in February, the spring months will be on the upside. This information should not be overlooked for those with a dollar portfolio.