The price has reached the 38.2% retracement on the 4HR Timeframe, which has nicely come into line with our 100MA... Perfect!
If price decides to break and close below the 38.2% and 100MA, look to sell and target 200MA and or 61.8%. If it doesn't break the 100MA look to buy!
Please give me your opinion on this trade.
Some fundamentals: 1.Stock are back at their recent highs today 2.Pound is one of the weakest currency of today 3.Dollar is the strongest currency of today
**Manufacturing PMI for USD will be released tomorrow**
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