Target hit. Possible Resistance test. Neutral.
TP = 1.15531 hit as the latest 4H Channel Down from the successive patterns (see chart) reached the 1D soft support. With DX rejected again at 95.35 it is possible to test the 1.1731 Resistance again. However, the Inverse Head and Shoulders on 1H suggest that the bullish leg (RSI: 67.378, Highs/Lows: 0.0017) is limited to a 1.1600 - 1.1610 Resistance zone and 4H at 1.1620 - 1.1630. With this mixed sentiment, we are neutral for now, as 1D may be turning neutral (RSI = 44.088, MACD = -0.002, Highs/Lows = -0.0017, B/BP = -0.0121), waiting for confirmation of either a rejection at 1.1730 to short or break-out below 1.1510. In both cases the TP is 1.14500.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.