Trade Background:
Price is once again back at final resistance level of the channel trend after testing this level just two weeks ago. Despite the US dollar dropping relatively hard the last few days, the pair pushed back up to final resistance. This suggest that the fall in oil price is the main reason behind push back to final resistance level.
Price is once again back at final resistance level of the channel trend after testing this level just two weeks ago. Despite the US dollar dropping relatively hard the last few days, the pair pushed back up to final resistance. This suggest that the fall in oil price is the main reason behind push back to final resistance level.