A steady downtrend is evident on this pair since 02/02 and price has made a steep pullback to the 61.8% fib level and is showing weakness.
A sellers trap is expected in london session and price to later move by NY after FOMC meeting minutes are announced which might later touch our trendline before dropping.
A sellers trap is expected in london session and price to later move by NY after FOMC meeting minutes are announced which might later touch our trendline before dropping.
Commento:
Sellers trapped in London Now, expecting a push to our trendline now to look for shorting opportunities for USD news release.
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