1 Day Candle Folks,
Price dropped to 1.9578 which is right on top of the Candle that sent us in the upward direction. This is a key support right now, and the Bears have left the building.
Now we should settle back up in the 1.9630 area for the Close of the 4 Hour Candle. There we will see what the indicators show us, I agree with Qu|cksilver, but I am not taking any positions until there is a completed standoff.
Price dropped to 1.9578 which is right on top of the Candle that sent us in the upward direction. This is a key support right now, and the Bears have left the building.
Now we should settle back up in the 1.9630 area for the Close of the 4 Hour Candle. There we will see what the indicators show us, I agree with Qu|cksilver, but I am not taking any positions until there is a completed standoff.