A lot has been happening in this support structure. Is this the clarity we have been looking for.
1. Price failed to break thesupport and held on to this level.
2. As you can see there is a break and retest of the downward trendline, pullling more focus on whether, this could be the end of the short term downtrend.
3. Support was rejected with a wicks on both 4H and 1H.
4. After the retst, you can see a DB with ahigher low.
From a fundamental view, talks were put on hold for the stimulus plan. This is brewing more uncertainty for the dollar.
DISCLAIMER: This should not provide financial, investment or legal advice. Trading set ups/analysis provided to you within are not solicitation to enter in to any trade, transaction or recommendation.
Follow me on Twitter @Mowgli_gr8t
1. Price failed to break thesupport and held on to this level.
2. As you can see there is a break and retest of the downward trendline, pullling more focus on whether, this could be the end of the short term downtrend.
3. Support was rejected with a wicks on both 4H and 1H.
4. After the retst, you can see a DB with ahigher low.
From a fundamental view, talks were put on hold for the stimulus plan. This is brewing more uncertainty for the dollar.
DISCLAIMER: This should not provide financial, investment or legal advice. Trading set ups/analysis provided to you within are not solicitation to enter in to any trade, transaction or recommendation.
Follow me on Twitter @Mowgli_gr8t