TECHNICAL:
1.
- Price is approaching the upper trend-line of a descending channel
2.
- This level coincides with the 78.6 fib retracement of the bearish move from 05/03/2018 - 23/03/2018
3.
-This level has also acted as strong resistance/support in the past
FUNDAMENTALS:
- A lot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs
Appreciate any thoughts/comments,
Thanks for reading,
James
1.
- Price is approaching the upper trend-line of a descending channel
2.
- This level coincides with the 78.6 fib retracement of the bearish move from 05/03/2018 - 23/03/2018
3.
-This level has also acted as strong resistance/support in the past
FUNDAMENTALS:
- A lot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs
Appreciate any thoughts/comments,
Thanks for reading,
James