One of the possible resistance areas has stopped today's rally. What used to be a strong resistance (1799) could be now a strong support.
Remember that we still in an asdending channel inside a longer descending channel.
1850 is the REAL area to beat. Today's rally was due to heating tensions in EU with France and UK apparently. But tomorrow we will have important data from USA that could produce a massive correction if data comes well above the estimations. It all points that will be like that.
Remember that we still in an asdending channel inside a longer descending channel.
1850 is the REAL area to beat. Today's rally was due to heating tensions in EU with France and UK apparently. But tomorrow we will have important data from USA that could produce a massive correction if data comes well above the estimations. It all points that will be like that.
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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.