We hit the first support for the bulls, which is the equality of corrections in the last upward impulse.
This is holding the bears back at the moment, however the momentum of the move is significant and it looks like the bears will overcome this resistance
For now, the trend line has stopped the bears.
The 1.0800 level remains a very important support for the bulls.
At the moment, we already have an 84% chance of a 50p hike in the US in May - this is already in price
It seems that this support should work and we may be dealing with an upward correction.
Of course, unforeseen events in Ukraine may pose a...
