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Inverted head and shoulders pattern formed.
Breakout and retest has occurred.
I expect the news to take it up to 87.057 level then it will start to drop and hopefully have a strong downward movement until it reaches the red trendline.
Rising wedge observed on 4HRS and 1HR. Expecting it to loose upward momentum anytime soon for a sell entry.
Its a good week to make money. It seems USD has started looking strength
Its a good month to make money.
We can see that the fibonacci levels agree to the pair and that in the long term we are expecting it to start losing strength. Y