Price has reached the top of a well defined Pitchfork channel
and at the same time testing the Weekly R2. The question is
if price will manage to enter overbought territory above the
channel, aiming at the Monthly R2, ahead of fridays NFP.
A breach and hold on close basis will ofcourse be another
sign of the strength of current bullish trend. A retracement
from channel top should find support around pivot confluence
at 1,0070.
and at the same time testing the Weekly R2. The question is
if price will manage to enter overbought territory above the
channel, aiming at the Monthly R2, ahead of fridays NFP.
A breach and hold on close basis will ofcourse be another
sign of the strength of current bullish trend. A retracement
from channel top should find support around pivot confluence
at 1,0070.
