The GoNoGo Chart of the EURUSD pair shows that price is still a “NoGo”.
We saw a retest of the resistance line that was once support for the “Go” trend.
During this time the GoNoGo Oscillator has been struggling with the zero line but now is back at zero. It will be important to see if the Oscillator stays below zero as it should if the “NoGo” trend is to continue.
By
Alex Cole
