EJ has produced some great setups over the last couple of weeks as the overextended bullish cycle continues.
We can see a couple of great B&R setups. Will price continue to target the previous highs and form a double top? Will we see some retracement and bears sitting at this level?
As mentioned previously, this pair is currently weakness vs weakness.
We've seen USD weakness continue into the new trading week. Price produced a lovely break and retest setup on this pair, breaking our yellow support zone and retracing to retest this area - before price fell 85 pips in the following 4 hours.
Price now resides at long term support. Will we see this level broken or will dollar bulls be sitting at this level?