Higher Highs and Lows seem to be heading upwards but the head and shoulders structure looks prime for a sell off before continuing. Our bottom is under 68 and our top is 80. The weekly neck is at .69 which is a key level.
On the daily we rejected .69 and .68 was supported. It looks like there is a 40 pip zone from 6860 to 690 where price is bouncing and if .69 holds as the top we will will break the floor towards .684, .68 & .675.
On the daily we rejected .69 and .68 was supported. It looks like there is a 40 pip zone from 6860 to 690 where price is bouncing and if .69 holds as the top we will will break the floor towards .684, .68 & .675.