last month closed @ 132.63. if this week will close below, then downtrend should continue. but i have a hunch that we won't see a close below...
for next week, 131.60 should be tested early. then if we are to go up, that level should hold (and i am talking about 131.60/130.70); otherwise, if we go below 130.70 then most chances are we will see a new low - and based on average monthly range, i'm guessing upside targets should be ~142, while downside should touch mid 122.
plenty of pips either way.
for next week, 131.60 should be tested early. then if we are to go up, that level should hold (and i am talking about 131.60/130.70); otherwise, if we go below 130.70 then most chances are we will see a new low - and based on average monthly range, i'm guessing upside targets should be ~142, while downside should touch mid 122.
plenty of pips either way.
DislikedLooks, i'm wrong on the bounce back. If today close below 132.58 maybe bring us resume of downtrend . 125?Ignored
Nihil Sine Deo.