Looking at the weekly timeframe, we can see that the market has come back to a key weekly support area. We can see that the market has been supported when it dropped to this area and we might see the same case apply as the market is currently back to the same area that previously offered support.
Using a trend line we can also see that the market is currently in an uptrend and even though the the market seemz to have broken the trend line, it might just be a fake out due to the high momentum caused by NFP. I expect to see the market break back up contiue with the trend. I am anticipting "Traget 1" to be hit first, which will a good confirmation that the market is back to the trend. We might see a slight pull back and then further up movement to "Target 2" or "Target3".
Using a trend line we can also see that the market is currently in an uptrend and even though the the market seemz to have broken the trend line, it might just be a fake out due to the high momentum caused by NFP. I expect to see the market break back up contiue with the trend. I am anticipting "Traget 1" to be hit first, which will a good confirmation that the market is back to the trend. We might see a slight pull back and then further up movement to "Target 2" or "Target3".