Strong Resistance present in this area. we may break to the upside if the US Economy proves to still be weak. US GDP comes out this week, with a weak forecast outlook. Perhaps this could be the driving force to push us to the upside.
Great analysis. Would it perhaps come down back to the support zone?
Babylon-
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@Stethostrade, Sorry for the late reply, I hadn't checked my notifications. Perhaps it could, but I'm leaning more towards the side of a bullish market, the euro is doing much better in regards to strength currently than the USD. The DXY seems to be steaming towards and current affairs in the US, have currently no reason to strengthen the dollar. Thanks for the likes.