Price increased significantly today and now is retesting the median line (ML) of the major ascending pitchfork. It has erased the yesterday’s losses, even if the USDX stays higher. Could drop again if the US data will come in better later and the FOMC Meeting Minutes will signal a rate hike in the upcoming period.
Has found support at the lower median line (lml) of the minor descending pitchfork and now could climb to retest the median line (ml) as well. Only a valid breakdown from the minor ascending pitchfork will confirm a major drop.
