I'm not trading it, but as we all should know, it supports/commands the movements of majors forex pairs, so, it should be, in my point of view, the first indicator to use and to "fiscalize" ;)
Crucial zone of 96.30's to break, or a retracement to 0.618 fibo are the next steps to follow.
In my opinion, it will not be easy to break that level at 96.30, and we will see a retracement to near 97's (between .05 and 0.618 fibo retracement)
Crucial zone of 96.30's to break, or a retracement to 0.618 fibo are the next steps to follow.
In my opinion, it will not be easy to break that level at 96.30, and we will see a retracement to near 97's (between .05 and 0.618 fibo retracement)
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.