Folks, next week's sessions, I'm looking for a retest of a bullish
breakout above $1.0811 with follow through to $1.0833 level. Should price action waiver at those levels, then expect a retracement back towards last week's lows of $1.0735 with further pullback towards $1.0677. However, a pullback extending towards $1.0611 could indicate exhaustion and the resumption of a sideways price movements for upcoming sessions. A bullish EURUSD
is supported by continued weakness in USDJPY
, coupled by higher price action in crude oil
as indicators. Take out the popcorn bowl, it could get interesting from here.