The market is slow today, and for the size of the upward thrust that it has experienced a minor drop from 4550 would not be able to push this pair further down specially with the strong support that it will experience at 4470.
Most higher time frames are pointing to a region in between 4590 and 4670 to be a turn around region for this pair.
As far as today is concerned is a slow day in Canada because of Canada Day, and I presume most traders in US are also adding one more day to their long weekend of July 4th, so there would not be any strong major moves today.
Most higher time frames are pointing to a region in between 4590 and 4670 to be a turn around region for this pair.
As far as today is concerned is a slow day in Canada because of Canada Day, and I presume most traders in US are also adding one more day to their long weekend of July 4th, so there would not be any strong major moves today.