What we have is a monthly chart showing an inverse head and shoulder formation under progress. We could go lower from here to 90.00-89.00 levels if the US data continues to disappoint.
However, what dollar bulls would want is a rebound from 90.00 and 89.00 as that would increase the odds of completion of inverse head and shoulder pattern.
This is a kind of chart that dollar bulls would love to frame in their living rooms!
However, what dollar bulls would want is a rebound from 90.00 and 89.00 as that would increase the odds of completion of inverse head and shoulder pattern.
This is a kind of chart that dollar bulls would love to frame in their living rooms!
