Inverse H&S Broke though the trendline and closed above on H4 Look for a retest of trendline to enter
Fundamental - Avoid as any news regarding Greece will cause huge spikes in either direction. My bias is long as it is trading above the 50% fibonacci and found support at the 200 EMA numerous times. 2 large bullish responses seen upon the test of this area so good support is here.
With US data being released today we could see a break of this trendline and strength come back into the USDOLLAR.
This pair is in an uptrend - clear higher lows and higher highs can be seen on the daily. Price did break the previous lower high but I expect it to bounce back. Price has hit daily trendline and we have seen a bullish response, although it has pasted the 61.8% retracement of the last leg, I expect it to close above it. I can see a potential head and shoulders...