After this eventful week I can see two scenarios unfolding:
(1) In normal market conditions I would expect a pullback to former support, followed by a move up to resistance.
(2) Given the incredibly quick rally we just experienced, it doesn't seem far-fetched to think that there is a relentless force driving the AUD back to pre-covid levels. This would bring the...
The EUR/USD will reach the bottom of its uptrend channel at the end of the US session today, after a 12h pullback. It will either bounce up to continue upwards or break out of the channel.
Food for thought before Monday's opening!
NB: Don't take a guess- patience is key so let the price action indicate a clear direction before you jump in!