Technical - Bullish Cypher has formed. Its parameters are 78.6,61.8,178.6,70.7/78.6 respectively. - Looks like a head and shoulder will be formed in the future - MACD and RSI shows indication of no supply - The big green candles do tell me there's high demand. - Beware of Parabolic whipsaw - Use S1 for entry if you missed the 70.7 Fibonacci level
Fundamentals - At 2.00 am GMT daylight, MI inflation expectations are announced. It has a medium effect on the market. - However, the HSBC flas manufacturing PMI for CNY will have a high impact on the pair which is scheduled 45 min after. - I will expect some sort of panic during the news release. The lower prices will probably be tested. - US data too, watch out for manipulation.