As we can clearly see in RSI and MACD we are rapidly loosing buy force and we are closing out on a time frame were we should break out for SHORT. 1.26-1.265 used to be heavy support line during past few weeks but thanks to a GOOD GREEN NONE FARM PAYROLLS we broke it and last week we came back to test it but could not break it meaning market turned support into resistance and if the rules and laws of the good old classic market applies here we should break low to prepare breaking 1.25. this will create a short journey. This week we have very important financial reports including one of the most important ones : DXY CPI YOY and MOM. these key events will decide the faith of this pair and for sure the day this event comes online market will get volatile and make big moves so be ready. Sentiment showing a break of 1.25 but a RED CPI could change the game by applying a higher possibility of a FED RATE CUT in MARCH!
Trade active
Comment:
DECIDING WEEK AHEAD
Comment:
old and gold