USD strength is expected to be strong based on my previous analysis on the DXY with the GDP Q/Q and Unemployment claims expected to be released later today (Beware of volatility)
Price is currently testing the 1.16000 Level and may show a rejection (& Moving Higher) before going lower (Provided bullish news on USD)
Look to enter short on any of these points:
Look to enter short on any of these points:
- Retest of Moving Averages
- Retest of Trend Line
- Break and Retest of Level 1.16000
- Retracement towards Level 1.16500
- Fib Level 50.00 % - 61.80 % / 78.60%
- Bearish Candlestick Pattern
