What it's worth by saying "key resistance is holding at 1.2886", more than 400p away from todays high? Any fool can say that!
Daily Technical Report 16 April 2018
EUR/USD is now pausing between 1.2300 and .2345 range. The pair is currently maintained between hourly support and resistance given at 1.2165 (17/01/2018 low) and 1.2506 (25/01/2018 high). The technical structure suggests shortterm increase. • In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2886 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low). • GBP/USD's short-term momentum is still lively. Hourly support and resistance are now given at 1.3451 (23/02/2018 low) and 1.4345 (25/01/2018 high). The technical structure ... (full story)
- Posted: Apr 16, 2018 9:02am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 666