Current 4H candle might become a small sell signal (at first). Think if the current 4H candle closes below 1.213, we should see a bit more downwards pressure. Past day i had in mind, that if it doesn't break 1.22ish, there is a still a chance that the breakout of past weeks might get stopped and see some zig zagging coming weeks or more.
So needs a close below that green zone. Also when looking at the DXY chart, looks like a possible low being set (similar picture but upside down).
Think a first target then would be around 1.2050ish. As long as 1.19ish holds, the trend is up. If it breaks, we could see a period of zig zagging between 1.15/1.22
Previous analysis:
So needs a close below that green zone. Also when looking at the DXY chart, looks like a possible low being set (similar picture but upside down).
Think a first target then would be around 1.2050ish. As long as 1.19ish holds, the trend is up. If it breaks, we could see a period of zig zagging between 1.15/1.22
Previous analysis:
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