If this pair bounces here on the trendline that was established in Jan 2017 we should continue to the top of the weekly wedge. If we drop here it will be extremely bearish to 1.16. the most likely scenario is that it will bounce here with the overbought dollar looking to continue it's bearish trend overall. Next week we will know where this one is headed
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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.