Recent bullish trend
is mainly due to the bullish
move ( relatively ) of EUR. With clarity on Fed hike - EUR has likely space for atleast 1.1175 ( +80 pips ) so likely to take pair up, within early next week. Tomorrows US Unemployment news to be monitored. Next week is light on releases.
Levels to watch -
- 114.50, 115.00, 115.50 , finally 116. This is the upper level of the channel.
- 114.15, 114.00, 113.50, 112.9. This is the lower level of channel.
We have tested 114-114.15 level, multiple times, across sessions. Think we will hover around 114.5 and move upto 115 atleast.