Should be able to see price begin to breakout of the consolidation for the past few days with the help of ECB and US Jobs report tomorrow.
Following the Eur, Cable buyers are loading to take out the highs also. Will be interesting to see how this pair performs after reaching the high targets.
Seems like a freefall, as though the whole world is offering dollar bills for free just to get rid of them. Expecting nothing new in the dollar - quite boring- all one sided and potentially longterm. Reminds me of James Blunt - Goodbye my friend.
Expecting the bulls to build pressure to take out the highs before potentially collapsing. Lower time frame trades - Buy side bias upon completion of sell side exhaustion intraday. Expect price to continue building in the current 3 day price zone - before potential propulsion.
Price should hold bearish momentum