US dollar will take a breather from it's downfall momentum.
We are currently forming an inverse H&S pattern. Which is confirmed by a bullish divergence both on the RSI and Awesome oscillators.
What is more, if we zoom out we can notice that we are bouncing of the .382 Fib retracement of the Feb'02 - Apr'08 bearish impulse.
It should take a while before resuming the bearish trend.
Take Profit: 92
Stop-loss: 90
GL&HF ;)
What is more, if we zoom out we can notice that we are bouncing of the .382 Fib retracement of the Feb'02 - Apr'08 bearish impulse.
It should take a while before resuming the bearish trend.
Take Profit: 92
Stop-loss: 90
GL&HF ;)