Oil prices are down 2.32%
Oil prices are pushing lower and are down 2.32% on the day. That is enough to get traders excited about the continued upside potential for that pair and we are seeing new highs in the pair.
Looking at the hourly chart above, the pattern has been for the market to move higher, correct to near the 50% and rise again. This has happened three times now. The next target will come in on at the topside trend line. That comes in at the 1.3261 currently.
