This week I will be expecting price to continue to rise after support was found at the weekly level of 1.223 into the 1.250 even handle where a confluence of factors have setup a possible PRZ to continue the bearish trend. Around 1.250 lays 3 fibonacci zones, a 3rd touch of the descending trendline, as well as the Daily 50ema. I will be anticipating a short signal around this level, possibly being retested during NFP on Friday.
Safe Trading
Safe Trading