As indicated in the daily chart there we could see breakout in the circle ,means it had broken trend .Why we seen this breakout after breaking up
As indicated in the daily chart there we could see breakout in the circle ,means it had broken trend .
Why we seen this breakout
after breaking up if we see fundamentally -the stronger Dollar due to recent growth in job forecast up to 22.3 K jobs .prior to that news it was trending in the channel .
at the time of writing it’s trading 1.0670 we are looking at the range of 1.0700 upper side and lower side 1.0640 break out from any side direction pair will move for retrace
I also pointed Downward channel will keep updating .till you keep it sharing
Idea I have mentioned .Downward Channel i have shown .
What I think
I think we need to watch the pair ,at the time of writing I could observe that no buyers are their to break upside so downside will prevails targeting 1.05932 In euro according to present scenario so one could take short on retrace at 1.0700 short level with 15 pips stop loss
Risk 15 pips and Reward 80 pips
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