Friday saw price definitively close below recent lows at 0.6340, suggesting a move lower (perhaps a retest of the October lows).
And then yesterday we saw the bulls retake the level and manage a fairly strong close.
I think this battle for 0.6340 represents a nice opportunity for us, and I'm ready to back the winner.
I'm looking for a solid rejection on the 4-hour charts - either the bulls kicking off beyond 0.6340, or a collapse and retest from below.
And then yesterday we saw the bulls retake the level and manage a fairly strong close.
I think this battle for 0.6340 represents a nice opportunity for us, and I'm ready to back the winner.
I'm looking for a solid rejection on the 4-hour charts - either the bulls kicking off beyond 0.6340, or a collapse and retest from below.