Index currently coming off point of control at 12100. Next key PoC is 12200. Bear this in mind when trading USD pairs. Could be an indication of risk on sentiment returning, however divergence between the index and safe havens (JPY and CHF) could lead to strong indication that risk off sentiment is still applicable.
but now the index is touch 1.2090 ? ant forming to bearish the index..
DavidBelleFX
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Hey thanks for the comment. It could turn bearish, however basing off of volume, the market looks to want to return to the upside, filling the bearish inefficiency we have faced through the beginning of the year.