After price has continued to nosedive in a severe downtrend, we might be seeing some correction sometime this week in greenback's favour. Price sunk to its most recent Support Key level 0.90000, where it has begant to pick itself up gradually. On the same key level, price has now formed an Inverse H&S pattern, which may be looking to reverse price for some days before it resumes its relatively long-term downtrend. Price may look to break and retest it's current intraday trend before finally confirming its movement upwards.
Correlation of this pair with closely related Gold, suggest price playing out in USD's favour until Daily market structure fails to be broken for price to resume it's initial direction respectively. Thank you for tuning in!
#charter_box
#walkittalkit
Correlation of this pair with closely related Gold, suggest price playing out in USD's favour until Daily market structure fails to be broken for price to resume it's initial direction respectively. Thank you for tuning in!
#charter_box
#walkittalkit
