Short position
This is simple, the dollar is rally against their major pairs counterparts so once the price have achieved the first R(1) it will fall until the green line (50% of Fibonacci retracement) then if the price still falling, the most probably is that the price go ahead until the blue line (61.8% of Fibonacci retracement)
Besides the economic calendar for the week ahead it will be publishing the Core Retail Sales (MoM) (March) and the Retail Sales (YoY) with 0.4 % and 1.3% respectively (these figures is less than expected for the market)
Besides the economic calendar for the week ahead it will be publishing the Core Retail Sales (MoM) (March) and the Retail Sales (YoY) with 0.4 % and 1.3% respectively (these figures is less than expected for the market)
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