Due to the news causing the
dollar weakening this week price rose forming a
double top. As we can see by the long wicks
the buyers are exhausting.
If dollar strength is gain or the euro strength dips
we could anticipate bearish action pushing price
down to our original long term anticipated
target of 1.10012.
We will need to be patient on this pair awaiting
confirmation before any trade is based.
dollar weakening this week price rose forming a
double top. As we can see by the long wicks
the buyers are exhausting.
If dollar strength is gain or the euro strength dips
we could anticipate bearish action pushing price
down to our original long term anticipated
target of 1.10012.
We will need to be patient on this pair awaiting
confirmation before any trade is based.
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