The risk v reward tradeoff for the USD - USD bulls on notice
A BIG chart for the coming week - the higher time frames need work to really get the USD bulls excited and price is still contained below the 5-day EMA. However, we've seen divergence (one of best impending reversal signals) playing out and a closing break of the bear channel puts the upside targets at horizontal resistance at 105.40 and possibly the 200-day MA
One to start at constructively when the momentum starts to build - but for now, the risk v reward is shifting for USD shorts, and the case for consolidation and potential upside seems to be building.
One to start at constructively when the momentum starts to build - but for now, the risk v reward is shifting for USD shorts, and the case for consolidation and potential upside seems to be building.
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