EU H4

30 thg 10, 2021

Analysis 🧐: On the 29th of October we had the important Advance GDP and the important unemployment claims data release. This saw the price of the dollar fall by over 1.3% decline a jaw dropping 15 points movement. I’m expecting price to find resistance which will most likely be situated at 1.15287. We have seen price making a slight retrace before the markets closed on Friday evening. Multiple BOS took place as the unstructured rally begun, we also have price showing bullish indication based on the fact price broke Above and past the descending wedge up into the weekly zone which just so happens to be our Order Block (OB) zone. I’m expecting price to retrace into the lower high before a pull back from the resistance just above our take profit.