The pair is at a previous support turned resistance supply level. Already one failed attempt mid-2012.
Channel resistance on weekly and in the neighbourhood of the 61.8% retracement on the monthly
Then there's that shooting star on the Daily
Dunno whether we'll see 1.55, ideal place to short so looking on smaller time-frames for possibilities... targeting 1.50, perhaps bottom of channel at 1.48
Channel resistance on weekly and in the neighbourhood of the 61.8% retracement on the monthly
Then there's that shooting star on the Daily
Dunno whether we'll see 1.55, ideal place to short so looking on smaller time-frames for possibilities... targeting 1.50, perhaps bottom of channel at 1.48
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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.