I think we will be going back up to re-test the $1.19 level and then shoot down. Today will be a crucial time to see where we going. We hit support trendline and we need to break the $1.18501 area to hit that $1.19 Im long before we hit a double top to re-test then shooting down to the $1.15 zone. USA didnt agree on unemployment which will give it that boost once...
Alot of sellers right now and bulls have taken profit we going down now to retrace. key level for the downside is $1.16984
$1.17630 hit because of FOMO and its extremely overbought for to long. EUR package started the bull run along side FOMO on hitting that $1.17-$1.18 area. I believe the bulls are running out of steam. We have some news tonight regarding the USA stimulus package and unemployment. Lets see how the day rides along heading to the news. $1.16823 is first break...
Quick re-test to $1.132 and if $1.134 region isnt broken we will beheading back down to $1.128. BEARISH
Bullish divergence, down it goes to where it suppose to be at.
Here you see it hits support and fails. 4 wicks on the hour chart. 1-2 more wicks and down we shall go and wont hit this level again until we hit out low level support $1.08-$1.11. BEARISH
Support cant hold up. Dropping to main support before going bullish