Finding Key support at 1.27500 with technical indicators correcting for pivot continuation.
Furthermore DXY is finding huge support at 91.000 telling is to trade in USD favor.
MACD/SIGNAL is looking to make initial cross for increased momentum towards 0 lone. This will help RSI breach resistance to push for overbought zone.
Take profit at next key resistance (1.28700) while watching for a pivot at channel resistance (1.28400). Stop loss will be a breach of key support (1.27500)
Please comment with thoughts and ideas. Thank you.
Furthermore DXY is finding huge support at 91.000 telling is to trade in USD favor.
MACD/SIGNAL is looking to make initial cross for increased momentum towards 0 lone. This will help RSI breach resistance to push for overbought zone.
Take profit at next key resistance (1.28700) while watching for a pivot at channel resistance (1.28400). Stop loss will be a breach of key support (1.27500)
Please comment with thoughts and ideas. Thank you.
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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.