Confluence on 50% retrace of last major move down, 100 and 200 MA's
In addition, the USD is still weak providing some more upside opportunity until we reach the target area for short confirmations. RSI and stoch also still showing some upside potential, so agressive traders could enter a long before going short... trade after your own analysis and at your own risk though and don't blindly follow this idea.
In addition, the USD is still weak providing some more upside opportunity until we reach the target area for short confirmations. RSI and stoch also still showing some upside potential, so agressive traders could enter a long before going short... trade after your own analysis and at your own risk though and don't blindly follow this idea.
