-EU broke a trend line and weekly resistance in one swoop on 8/26
- Followed new bearish trend line until 1.11773(orange) support line took over
- double bottomed and then poor USD news spiked it up past a minor resistance line. next major resistance line will be the retest of the weekly support broken on 8/26 which also lines up with supply/demand zone and what used to be the bullish trend line now turned resistance.
-Price will likely double top on this resistance and then drop down to its last current pre news support... likely with nfp news tomorrow if it is good for USD
- Followed new bearish trend line until 1.11773(orange) support line took over
- double bottomed and then poor USD news spiked it up past a minor resistance line. next major resistance line will be the retest of the weekly support broken on 8/26 which also lines up with supply/demand zone and what used to be the bullish trend line now turned resistance.
-Price will likely double top on this resistance and then drop down to its last current pre news support... likely with nfp news tomorrow if it is good for USD