There are several factors of confluence:
-50 EMA offering support
-with the dominant trend
-support at 1.3420 (several touches already)
-Rejection of 0.5 fib retrace
I'll wait and see how this works out. With FOMC coming out this week it could be given a nice boost. Happy Trading everyone :)
-50 EMA offering support
-with the dominant trend
-support at 1.3420 (several touches already)
-Rejection of 0.5 fib retrace
I'll wait and see how this works out. With FOMC coming out this week it could be given a nice boost. Happy Trading everyone :)