As can see by our EN chart we are predicting a short at the resistance level. Break and retest.
Therefore on EA we are looking for a short term buy. We have a 3rd touch confluence of key level.
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The pound has a little further to climb versus the dollar.
This week ahead will be all about correcting the dollars price from most recent FOMC before continuing its ascent into greater bullish zones. With most recent fundamentals strengthening the Dollar, we have to look at our other pairs and take advantage of the confluences and circumstance.
BUY @ 1.2472