*Note: I am back from a week vacation so expect a full week of articles and market updates.
After selling off for the first half of last week, the pair formed a similar ‘final flag‘ pattern approaching the 1.2800 barrier, this time a smaller version of the prior one, before forming a pin bar rejection to bounce and end the week. Short term the pair is stuck in a relative range between 1.2821 and 1.3054 so watch for intraday price action triggers at these levels. If 1.3054 breaks, a test of 1.3150 is up next where we had a double top on Sept. 17th. If 1.2800 breaks, then a possible deeper unwinding to 1.2651.
Stuck in …