Touched 1.23
Updated
Broke trend line on pair and touched 1.23, now it's rebounded and we have no news on the horizon wich can stop move to 1.25, except for political news like Trump's relationships with China, etc. We can feel free to click BUY now in space btw 1.23-1.24, but great possibility is to BUY on touch 1.23 again or break resistance on 1.2345. We need to observe if there is a breakout of 1.23, we can see 1.22 - this is the level of the channel.
Note
Next week would be slow because of waiting for ECB Monetary Policy meeting and Nonfarm Payrolls on Thursday and Friday therefore. But on the days we can see a lot of volume for our market and we will get a right way in pair. We must be concentrate fully on Thursday and Friday as much as we can, because break 1.22 and go and go down will give to us bearish trend for weeks, but it's just 10% for that. I think we will get a good news from ECB and our pair will grow on Thursday and we will confirm by low Nonfarm Payrolls results on Friday and 1.25-1.27 seems for next week 9-13 April.
Related publications
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.