DislikedHi TheArcher,
Belongs to your charts. Do you really mean that the pairs is uptrend ? And one more question, With that retracement will the pairs going up strong for the next opening of the market?
Thank you dear,Ignored
Where do i start ...? ok , ... firstly, my horizon of view is not very long term ... i am a short term palyer .. so, i cannot comment on how the future will unfold ... i am very technical analysis based .. i watch the charts .. and make decisions on what i perceive at that moment.
My thoughts for the immediate short term ....
Daily chart : the price just penetrated the resistance 90.83... punctured the fibo38.2% ... if it would continue from there or not, i wouldn’t know ... but i think the bias is on uptrend (based on sentiments) ... trying to climb up to the surface from where they fell unexpectedly from within the channel ....... macd looks bullish , in line with perceived uptrend , OsMA(histogram) picking up ... momentum build up .....
Hourly chart : breaking out of range after a few days gives hope to the idea that uptrend is a possibility .... my dare is that if this latest uptrend (upswing) is the wave 1 of EW followed by wave 2 retracement at 61.8% .... and hence it might do a 1-2-3 ..
Just a few thoughts that crossed my mind ... hope this ramblings makes sense .... caveat emptor
also reads others comments and make your own conclusion ... good luck