On Friday, the price did not pass resistance (1,189), but still the possibility of this is a correction of the price and then continue to increase in the future, as we can observe the price easily broke the pattern, time later received a strong correction.
Long
we are likely to see the price again at 1.1994, remember that we are still in a bullish trend.
Short
Scenario 1
At the moment we can go down, until we find a very important support (red line 1.1735), in this line will define everything if the price is broken down to down to 1.16
Scenario 2
The price drops to 1.1735 and then rises to 1.18 again.
News relevant in this weekend
"ECB'S DRAGHI SAYS IT WILL TAKE TIME TO RAISE INFLATION"
"Puigdemont talks about Catalonia’s 9 a.m. Madrid time on Oct. 16"
Do not forget to follow me
Long
we are likely to see the price again at 1.1994, remember that we are still in a bullish trend.
Short
Scenario 1
At the moment we can go down, until we find a very important support (red line 1.1735), in this line will define everything if the price is broken down to down to 1.16
Scenario 2
The price drops to 1.1735 and then rises to 1.18 again.
News relevant in this weekend
"ECB'S DRAGHI SAYS IT WILL TAKE TIME TO RAISE INFLATION"
"Puigdemont talks about Catalonia’s 9 a.m. Madrid time on Oct. 16"
Do not forget to follow me
Trade active
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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.
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.