On the longer term, price did break / about to break the downtrendline.
On the shorter term, we see price narrowing on the 1H chart after that quite significant move up.
With the NON FARM PAYROLLS (NFP) on the agenda this afternoon this might push it up or down.
This means we might not me able to trade this because of the volatility.
Personally expect price to drop to 1.165, then down to 1.160
On the shorter term, we see price narrowing on the 1H chart after that quite significant move up.
With the NON FARM PAYROLLS (NFP) on the agenda this afternoon this might push it up or down.
This means we might not me able to trade this because of the volatility.
Personally expect price to drop to 1.165, then down to 1.160
Note
Price creating some kind of channel now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.