With the day looking bullish, will help push this pair long. Correlates inversely with indices.
Fundamentals: As the economy restores and more people begin to resume work, this will create a demand for more Oil; in return, will require an increase of supply. Technicals: Broke out of a bullish flag, Break and retest.
TP2 will be debatable, See it coming down to at least TP1. Following closely with DXY. Impulse drop from 19 recovery, correction to push bullish and continuation down to cover gap.
Looking bullish fundamentally with Jerome Powell speeches upon economies strengthening over the 19. Pres . using all forces to uphold the economy through stimulus uses. Technicals in a bullish flag looking to push above HH position after rejecting from pullback of HL position. Rejecting out of QP level 26000. USDMXN correlates inversely, currently pushing down...