As I mentioned yesterday I thought about the scenario that Flag pattern might break loos and price moves higher.
and it did do that.
the price moved up to MA 200 tried to break out but we had Daily resistance, MA 100, MA 200, Fib 0.382 in high of 1.96 and low of 1.97 zones and of course, the CPI news was just frosty on the cake.
Now, bulls are trying to push back above ma 100 and MA 200
So, if price pushes back above MA 200 then it is a different story I will take my losses and look for another opportunity.
if bears hold on and overpower bulls looking to take profits high of 1.94 low of 1.95
and it did do that.
the price moved up to MA 200 tried to break out but we had Daily resistance, MA 100, MA 200, Fib 0.382 in high of 1.96 and low of 1.97 zones and of course, the CPI news was just frosty on the cake.
Now, bulls are trying to push back above ma 100 and MA 200
So, if price pushes back above MA 200 then it is a different story I will take my losses and look for another opportunity.
if bears hold on and overpower bulls looking to take profits high of 1.94 low of 1.95