Why the big move?
I don't look at fundamentals.... they are never reliable.
The 1h drop came from the energy generated by the compression and separation. The move satisfied the need on the 4h chart to achieve a fib retracement.
Where next? If the 4h chart (followed by the daily) were to continue in this direction and produce their gathering of ema's into a convergence and tight compression we might see enough energy produced to hurl this upward to ~1.7200 and a 50.0 fib retracement on the weekly.
Dr. D.
I don't look at fundamentals.... they are never reliable.
The 1h drop came from the energy generated by the compression and separation. The move satisfied the need on the 4h chart to achieve a fib retracement.
Where next? If the 4h chart (followed by the daily) were to continue in this direction and produce their gathering of ema's into a convergence and tight compression we might see enough energy produced to hurl this upward to ~1.7200 and a 50.0 fib retracement on the weekly.
Dr. D.
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