Technicals:
Short term bullish TL with 3rd touch respected
Bearish Fib swing first showing rejections at 78.6% and now showing rejections on the second peak at 61.8%
Longer term bearish TL awaiting 3rd touch
4hr 800ema
4hr Support
Daily resistance
Key thing here is the 61.8% holding. If that's the case it means bearish market structure has been respected as it's failed to breach the previous peak.
In all honesty, I can see this bouncing within the range at 91.50 and 92.50 until NFP at the start of July.
Short term bullish TL with 3rd touch respected
Bearish Fib swing first showing rejections at 78.6% and now showing rejections on the second peak at 61.8%
Longer term bearish TL awaiting 3rd touch
4hr 800ema
4hr Support
Daily resistance
Key thing here is the 61.8% holding. If that's the case it means bearish market structure has been respected as it's failed to breach the previous peak.
In all honesty, I can see this bouncing within the range at 91.50 and 92.50 until NFP at the start of July.