The Friday sales figure caused a selloff across U.S. Dollar pairs giving you an opportunity of getting in at a relatively favourable price. Although this pair has been ranging since December of last year, we are beginning to see it reverse from a supply zone. This provides another selling opportunity off a relative high. This is also in the direction for the overall trend if we were to look at the longer time frame.
Full analysis at ForexReloaded.com
Full analysis at ForexReloaded.com