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The EUR/USD has halted its upward movement at the resistance level. The USD index has fallen below the neckline. If unemployment claims exceed the forecast, the USD will weaken further, causing the EUR/USD to break through the resistance zone and rise by at least half of its average daily movement range. If unemployment claims are lower than expected, the USD will strengthen, and the double top pattern may be invalidated despite an already occurring valid break. The failure o
Based on recent harmonic upward retracement, GBP/USD seems to be moving at least to 1.3205-10. Price action of Nov 4th, 5th and 6th suggest further bullish continuation because the bullish strength made a strong 3 inside up.
