Hello traders, Today is a bit difficult to read. I have two scenarios.
We could see a big rally up because of how much USD pairs have risen. On top of that this is a big support zone that hasn’t been hit since Nov. 4 2020.
When it hit this zone it reversed drastically to the upside. Could we see history repeat itself?
But there is a chance we could continue falling. After all we are in a downtrend. I will update later but I am leaning on a reversal because of that zone from last year. If you like this analysis follow me for more daily analysis.
We could see a big rally up because of how much USD pairs have risen. On top of that this is a big support zone that hasn’t been hit since Nov. 4 2020.
When it hit this zone it reversed drastically to the upside. Could we see history repeat itself?
But there is a chance we could continue falling. After all we are in a downtrend. I will update later but I am leaning on a reversal because of that zone from last year. If you like this analysis follow me for more daily analysis.