- EUR gains strength and the Yen could potentially weaken.
- The CoT reports highlight the increase in short contracts of Japanese Yen potentially highlighting a reversal.
- Daily price action shows price rejecting the previous low forming a potential double bottom pattern. A break of the daily high could lead us back into the key weekly lows.
Regards, GoldfXcc team
- small pullback to 61% Fib level.
- price retesting the trend line, which correlate with levels zone (zone to zone)
- entry for buy/Long after re-test.
Potential Target to reach:
1st target: 1.0605
2nd target: 1.0710
Regards, GoldfXcc Team
