Last week price managed to reach 102.00 level but immediately bears pushed it lower. Right now we are approx 22 pips away from 102 level and I suspect that it will stay as key level until NFP.
Another thing that is worth mentioning is the fact that we broke and possibly re-tested an important trendline. If this re-test is valid, then bears should be in control and the inability to break above 102 rather confirms that.
Another thing that is worth mentioning is the fact that we broke and possibly re-tested an important trendline. If this re-test is valid, then bears should be in control and the inability to break above 102 rather confirms that.