In the long run we can see price moving all the way up to the weekly major resistance.
However it must first form a pullback to retest the trendline only to bounce off to the upside.
Therefore this couple of days could prove to be bearish.
Remember, price must be bullish long-term due to dollar weakness at the moment.
However it must first form a pullback to retest the trendline only to bounce off to the upside.
Therefore this couple of days could prove to be bearish.
Remember, price must be bullish long-term due to dollar weakness at the moment.