The following illustrates the bullish bias along the trendline and prospects of a move higher for the forthcoming week:
The 4-hour price action is seeing a test of potential support across the 134s. However, so long as the trendline holds up, the bias is bullish above the 133.50s. The greyed area is an area of price imbalance in the market that could otherwise be mitigated should the bears take back control. Below there, 133.20, the bias will flip firmly bearish. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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