Resume of bullish momentum is expected this week due to a weaker US Dollar both technical and Fundamental
If we break through 1.372 we may see a tripple top or my earlier forecast of a new high of 1.395
Hourly Chart
On an 4hr chart the most recent swing was down, so we will look for an opportunity to short it (although it may contradict the daily chart analysis which is a longer term view)
The 1.372 level is a place to look closely where it has three obstacles (fib retrace 61.8 and two fib extensions confluence)
Outlook Trade opportunity
As 4hr chart suggest, a sell order around the 1.372 level.
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
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