Just as our last analysis stated, we saw a rejection off that level of daily resistance, and a fall afterwards.
Now, price is testing a 4h/1h level. If we see some rejection and bounce, we could see price return to the daily level.
However, if we see a break below, we could see some continuation sells to the bottom of the range.
We're short inclined as the dollar could be mustering up a lot of strength this week.
Now, price is testing a 4h/1h level. If we see some rejection and bounce, we could see price return to the daily level.
However, if we see a break below, we could see some continuation sells to the bottom of the range.
We're short inclined as the dollar could be mustering up a lot of strength this week.