Might not have the best cypher pattern, but it is very close (it is off by 0.02-0.03 in both extentions, but spot on the retracement).
We are at very crucial point as we are hitting multiple resistance lines around the 0.73 level. USD looks like it is going to continue its bull run and I think one of the best pairs to go Long USD is this one.
Again we have an RSI divergence, volume is going down overall but sell volume is growing. Lots of news are coming out this week and I expect to have a clear view about the direction of the market by the end of the week.
A break below 0.7236 would be a clear sell opportunity, but selling now or near 0.73 has the potential to win a few more pips.
We are at very crucial point as we are hitting multiple resistance lines around the 0.73 level. USD looks like it is going to continue its bull run and I think one of the best pairs to go Long USD is this one.
Again we have an RSI divergence, volume is going down overall but sell volume is growing. Lots of news are coming out this week and I expect to have a clear view about the direction of the market by the end of the week.
A break below 0.7236 would be a clear sell opportunity, but selling now or near 0.73 has the potential to win a few more pips.
Order cancelled:
Trade is cancelled, as we never crossed the green horizontal line and we probably have about 1-2% room to the upside