Tug ‘O’ War ?
U/C Daily Chart
Not an easy one for the start of this week and we'll have to see how this unfolds. The weekly pivots want this pair to fall to W-M1 (M-PP too) while the monthly pivots would like it to rally in this final week to M-M4 since we started the month close to M-M2. The W-M3 also happens to be resistance from May 24th, highlighted in white circles. For the bulls to win this battle I like the plan outlined with the arrows and dotted line. Watch oil for clues on this as well, the bulls need oil to fall. Again, I hope someone has pips in their pocket from this plan from the onset as either a longer term or several shorter term trades presented themselves.