* Weekly Chart - zone @ .73329 - .72789 and .70087 - .67896
* Daily Chart - zone @ .70425 - .67278
* Looking like another mini head & shoulder pattern forming. Each time price has done that in recent history, price shot up for about 2 months before really losing any steam. We could be seeing the same thing again.
* Potential BUY zone .67278 - .67896
* All the more recent crosses below zero on the MACD were a little bit before the actual bullish move began. Maybe by Wednesday we might see it starting to gain some steam upward.
* First TP .70425
* SL .66775
* Dollar currently weaker than the Aussie and Kiwi
* Trade tensions with China
* US GDP rose 4.1%, but yields fell.
* Daily Chart - zone @ .70425 - .67278
* Looking like another mini head & shoulder pattern forming. Each time price has done that in recent history, price shot up for about 2 months before really losing any steam. We could be seeing the same thing again.
* Potential BUY zone .67278 - .67896
* All the more recent crosses below zero on the MACD were a little bit before the actual bullish move began. Maybe by Wednesday we might see it starting to gain some steam upward.
* First TP .70425
* SL .66775
* Dollar currently weaker than the Aussie and Kiwi
* Trade tensions with China
* US GDP rose 4.1%, but yields fell.