Price is currently stalling at 115.00 levels where we also have a resistance region drawn. While the current price pattern can be viewed as a possible bullish continuation pattern (which can be confirmed if the market breaks to the upside of of 115.20), I am leaning towards a short setup, given a suitable bearish price action.
Looking at the 1-HR chart, this move might be under way with the price strongly moving lower from the 07-SEP high (115.098), but we shall see if there's some kind of follow through next week.
A move down exposes 112.00 as initial price target.
Let's see.
Looking at the 1-HR chart, this move might be under way with the price strongly moving lower from the 07-SEP high (115.098), but we shall see if there's some kind of follow through next week.
A move down exposes 112.00 as initial price target.
Let's see.