MAJOR TREND IS SELL. Minor trend is buy.
Price made a bos with a gap up on Monday showing a strong bullish momentum.
Price is expected to continue the move Up after sweeping PDL and asia low.
DXY is showing short term down move. (Major trend is UP)
Price is approaching strong support level at 1.0780 (Daily swing level).
Price moves in falling wedge pattern for the last few days and expected to break above.
Buyers are not letting the price to close lower which can be seen for few days now.
With upcoming strong US news, we can expect price to go further low before continuing the up move.
Price rejected strong support level at 0.6550 (Swing level).
High chances for the price to follow the daily trend (up).
Price consolidated for almost 1 week and bullish engulfing candle formed on 29th Jan 24.
Trendline breakout. Price might do deep retracement (to level 0.6590) before continue the up move.
