Potentially we are at a very good 4H resistance as shown by our red box.
Over the past day price has stalled and is just ranging and failing to break this resistance which could mean price is getting ready to make bearish movement as the bulls are not strong enough to break this level.
So we are expecting bearish movement the rest of the week and hopefully hitting our TP or support zone and bagging us a nice few pips in the process.
With some high impact news for USD coming up this week and the state of the US economy we can only see bearish movement for the USD, and with that muppet Trump in charge things will only get worse... a recession is coming.
Over the past day price has stalled and is just ranging and failing to break this resistance which could mean price is getting ready to make bearish movement as the bulls are not strong enough to break this level.
So we are expecting bearish movement the rest of the week and hopefully hitting our TP or support zone and bagging us a nice few pips in the process.
With some high impact news for USD coming up this week and the state of the US economy we can only see bearish movement for the USD, and with that muppet Trump in charge things will only get worse... a recession is coming.