Price for the USD is still in a downtrend right now.
However, it seems like it wants to pullback higher.
It is now at the resistance of the Ichimoku cloud.
Will be waiting patiently to see how the price reacts at this level.
If the bullish momentum is still strong,
it can break into the cloud and test the top.
If we see rejection candles here,
then more downside can be expected!
However, it seems like it wants to pullback higher.
It is now at the resistance of the Ichimoku cloud.
Will be waiting patiently to see how the price reacts at this level.
If the bullish momentum is still strong,
it can break into the cloud and test the top.
If we see rejection candles here,
then more downside can be expected!
Comment:
Seems like rejection is showing now