Perfect test resistance area for now [1.2350,1.2370].
For now bulls control short-term:
- Still valid bullish price channel.
- For now bullish pattern ‘higher highs, higher lows
But stay alert if close hourly below 1.2230 will suggests that this pullback is over, confirmation new lows with a close below 1.2145 hourly chart.
Close hourly below 1.2145 expect more damage target the same 1.1750
Resistance range [1.2350,1.2370] and 1.2440.
Close hourly above 1.2370 expect 1.2440 next resistance daily chart.
Remember last night/ last thought i expect reversal equities markets and USD today.
Can see last update SPX here
spx16062010Update USD
usd16062010Remember
Last update hourly and daily chart can see here
More Thought about forexClick to zoom in. Good luck folks.