Cycle low line extending from 1.1550 is broken and 1.1960 seems to become a lower high.
EMA25 approaches EMA50 from above. We shall see either a cross or a bounce (a cross in my opinion).
At the same time price is about to test EMA200 on 4H scale.
Point “A” is critical today, a break below this point open the way down to 1.1730 and 1.1670 support levels. (Or a bounce may take place.)
We have ADP Non-Farm Employment data shortly, which might provide the volatility to test point A.
EMA25 approaches EMA50 from above. We shall see either a cross or a bounce (a cross in my opinion).
At the same time price is about to test EMA200 on 4H scale.
Point “A” is critical today, a break below this point open the way down to 1.1730 and 1.1670 support levels. (Or a bounce may take place.)
We have ADP Non-Farm Employment data shortly, which might provide the volatility to test point A.