Good day to you,
According to my analysis, the weekly chart indicates that we are likely to also revisit 1.2760. The Monthly indicates a possible number of 1.2485-1.2490. The challenge here, will be to figure out which number will be first. Common sense dictates that a retrace from current levels back to 1.2760 may be first before we see continuation down to 1.2480 - 1.2490 area?
I am going to look at long position on weekly first towards 1.2760 ( currenl price 1.2687) - and if monthly still valid - then shorting towards the short target on the monthly. This just my view - it is purely indicator based.
All the best!
According to my analysis, the weekly chart indicates that we are likely to also revisit 1.2760. The Monthly indicates a possible number of 1.2485-1.2490. The challenge here, will be to figure out which number will be first. Common sense dictates that a retrace from current levels back to 1.2760 may be first before we see continuation down to 1.2480 - 1.2490 area?
I am going to look at long position on weekly first towards 1.2760 ( currenl price 1.2687) - and if monthly still valid - then shorting towards the short target on the monthly. This just my view - it is purely indicator based.
All the best!
We Can