Greetings, traders.
Fixing the situation:
Yesterday was a holiday for USD, so the market was half dead yesterday, trading with no volume and not even all day. Locally we are in the balance phase of 1.1803 - 1.1970 under pressure from the global seller. The volume, which came out on Friday at support has not yet been positioned as a buying one, so it is too early to talk about the reversal up within the local balance.
In general, based on the current picture, there is a variation of scenarios today. I am inclined to the fact that today there will be no interesting movements and the price will move in the range of 1.1838 - 1.1883. Though, given the intraday signs of buyer strength and if 1.1863 is held, I do not rule out a move towards 1.1905 or even 1.1922. If market does not hold 1.1840, price might fall to 1.1817.
Signals:
Sell 1.1905 and 1.1922. Take profit: 1.1883. Stop loss: 1.1935.
Buy: 1.1843. Take profit: 1.1873. Stop Loss: 1.1831. If the deal opens and the price rebounds slightly from 1.1843, but is pulled back down for a long time, showing no sign of buying strength, it is better to exit the trade at breakeven.
Today is not a very interesting day for trading, especially, because yesterday was a holiday for the USD, so there is no strong base for analysis within the day.
Have a nice day everybody
Fixing the situation:
Yesterday was a holiday for USD, so the market was half dead yesterday, trading with no volume and not even all day. Locally we are in the balance phase of 1.1803 - 1.1970 under pressure from the global seller. The volume, which came out on Friday at support has not yet been positioned as a buying one, so it is too early to talk about the reversal up within the local balance.
In general, based on the current picture, there is a variation of scenarios today. I am inclined to the fact that today there will be no interesting movements and the price will move in the range of 1.1838 - 1.1883. Though, given the intraday signs of buyer strength and if 1.1863 is held, I do not rule out a move towards 1.1905 or even 1.1922. If market does not hold 1.1840, price might fall to 1.1817.
Signals:
Sell 1.1905 and 1.1922. Take profit: 1.1883. Stop loss: 1.1935.
Buy: 1.1843. Take profit: 1.1873. Stop Loss: 1.1831. If the deal opens and the price rebounds slightly from 1.1843, but is pulled back down for a long time, showing no sign of buying strength, it is better to exit the trade at breakeven.
Today is not a very interesting day for trading, especially, because yesterday was a holiday for the USD, so there is no strong base for analysis within the day.
Have a nice day everybody