Good day to you,
1.5390 ( daily opening price). - below this is bearish / above it bullish. Careful so early in the trading day, as price will often flirt around this price level to cross it up and down before choosing direction.
Above 1.5390 - I would like to see the following cluster broken before even considering any long position:
1.5411 / 1.5414 ( the 50% line of the month range and the 50% line of the weeks range).
Price is currently blocked by Friday's low @ 1.5386 to the upside - although weak resistance. To the downside, the monthly opening price @ 1.5347 has offered support on numerous occasions.
Looking at the price angle - we may see 1.5318 / 1.5315 as a close today, should price continue on it's current trajectory. This of course if the 1.5386/1.5390 cluster holds as resistance.
Weekly still bearish for anything below 1.5443.
Trade well
Regards
1.5390 ( daily opening price). - below this is bearish / above it bullish. Careful so early in the trading day, as price will often flirt around this price level to cross it up and down before choosing direction.
Above 1.5390 - I would like to see the following cluster broken before even considering any long position:
1.5411 / 1.5414 ( the 50% line of the month range and the 50% line of the weeks range).
Price is currently blocked by Friday's low @ 1.5386 to the upside - although weak resistance. To the downside, the monthly opening price @ 1.5347 has offered support on numerous occasions.
Looking at the price angle - we may see 1.5318 / 1.5315 as a close today, should price continue on it's current trajectory. This of course if the 1.5386/1.5390 cluster holds as resistance.
Weekly still bearish for anything below 1.5443.
Trade well
Regards