Looking long with potential target of $180 then potentially $230. Since launch Ralph has been in a bullish trend. A worldwide well recognised brand that performs well through all seasons and market conditions. However, COVID being a complete different disaster has had an effect on consumer trends and even eliminates the option for consumers to visit stores....
Looking short for a 150-200 pip target. Strong resistance level, howeverm if price breaches and closes above the resistance with strong bullish PA, then the setup will no longer be valid.
Please also understand this is a forecast and entries will be anticipated on the smaller timer frames and subject to risk and money management.
Expecting price to reach 1.9200. Possible further bullish penetration to RT previous month highs. The chart represents a forecast and not a signal. We willl seek PA confirmation on the M5.
As seen on the chart we anticipate a downside move to retest the 1.08550 - 1.08650 levels. We can expect further downside move as the council still remains dovish. Furthermore, Mario Draghi says Fiscal policy has to be the main policy tool. An increase on the monetary stimulus program is also concerning. Not to forget to mention the additional easing measures are...
