Price closed above what was resistance & now is support, trying to retest at the 0.68794 but failed. But also closing above the 0.68794 Which is now support with the bulls to over ride with a continuation to the upside. Even looking at previous support (green box) that there was a chance for another push to the upside. With the Fed rate cuts to 1.75% allowing the USD dollar to be down, which would allow this pair and any USD pair to take advantage of the USD dollar being down allowing the other currency to rise.
Talking about a pretty long term trend just with the Dollar biased down alone.
Hope you enjoyed my analysis
Talking about a pretty long term trend just with the Dollar biased down alone.
Hope you enjoyed my analysis