Beautiful how currency pairs really validate technical analysis.
Did you also notice this long term breakout into levels we've only seen back in 2003?
The price is definitely trading in a value, decisive zone.
RSI is overbought in both M/W/D timeframes .... relevant for the bearish thesis.
Ultimately, this July candle will be essential to understand whether the USD is going to remain in an uptrend until the next value zone.
I would say that in case the candle is higher, that would be the more likely scenario.
Did you also notice this long term breakout into levels we've only seen back in 2003?
The price is definitely trading in a value, decisive zone.
RSI is overbought in both M/W/D timeframes .... relevant for the bearish thesis.
Ultimately, this July candle will be essential to understand whether the USD is going to remain in an uptrend until the next value zone.
I would say that in case the candle is higher, that would be the more likely scenario.
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