Exepcting price to oscillate within this red band before ultimately breaking upwards. STOP loss currently at 111.400 TAKE profit at 114.500 LONG entry price was at 112.539 last week. Holding this for the long term.
On Friday this pairs trading range fluctuated nearly 1000 points from highs of 113.45 to lows of 112.30. Looking at the daily time frame price is currently respecting MA's and I am expecting a daily close above 112.80 to confirm bullish bias. I have highlighted this as a key level in accordance with the daily trend line that stood firm throughout last weeks...
Trading at 111.990. Hovering between 112.200 and 111.900. A close above either of these levels will be an ideal signal as to where we could be heading over the week beginning 25.09.17. A close below 111.960 will mean a retracement towards 50.0 Fib Level (111.00) A close above 111.200 will see buyers target 112.600 - 112.800. Major resistance coming in at...