has opened Thursday’s trading with an attempted breakout above key values of resistance. As seen in the chart below, prices quickly spiked above todays
R4 Camarilla pivot
on better than expected advanced
retail sales numbers. However, since the conclusion of the event, the USDollar
has moved back below R4 pivot
found at 11.892. A continued decline from this point, opens the USDollar
up to a potential reversal for the remainder of today’s trading.