So as most are aware the FED raised interest rates over a week ago and given this was mostly priced into the US Dollar, I believe now that we may get a correction and it looks like we have a typicaly Head & Shoulders Pattern in formation.
If the neckline breaks I would envisage a break towards the key pivot area of 96 - 96.5 for price to retrace. Stops could be placed above the neckline.
Have a merry Xmas traders and for more information on some exciting releases in the newyear, sign up to my website to find out more: www.ejfxtrading.com
If the neckline breaks I would envisage a break towards the key pivot area of 96 - 96.5 for price to retrace. Stops could be placed above the neckline.
Have a merry Xmas traders and for more information on some exciting releases in the newyear, sign up to my website to find out more: www.ejfxtrading.com