The price broke finally 1496 and closed below after it spend sixty-seven (67) weeks above that level!
The price is also well closed below the Yearly pivot located at 1.1722 and 200 Simple Moving Average, is targeting 1.1353/1.1168 and the price action is bearish.
Resistance is located above 1.1513/24 zone at 1616 and 1692. A close above 1616 opens the road for 1692.
I prefer selling any retrace I think it's going to drop back below a level again and yield profit.
Have a great Weekend see you at the new week ahead!
The price is also well closed below the Yearly pivot located at 1.1722 and 200 Simple Moving Average, is targeting 1.1353/1.1168 and the price action is bearish.
Resistance is located above 1.1513/24 zone at 1616 and 1692. A close above 1616 opens the road for 1692.
I prefer selling any retrace I think it's going to drop back below a level again and yield profit.
Have a great Weekend see you at the new week ahead!
Looking for profitable short term trades ...|
2