The close was 1.0760. The bear side of 1.0765. But it would still need to break 1.0712 and 1.0694 supports. It had to close on one side of 1.0765. This area falls into mostly a mid zone between large levels. It should lean slightly bearish. But that dont mean support will break. Plus if it opens above 1.0765. That would change this. The quarter closes Friday. That may help with a longer term direction. Unless its back in the middle like now. Pa did close below 1.0835 1.0927. Now if it closes Friday below 1.0694 that would be 3 major levels. PA also closed below the month 20sma. That's mid on a BB. Next week closing below 1.0694 and the week 20sma. Should create pressure on the day 200. Its tried a few times already to break the 200 day. The next day fib below 1.0712 is, 1.0461. It and the 200 day are in the way of a b/o. If Friday closes below 200 day ema. 1.0461 should be next. I already posted the bull needs during the week. Basically do the opposite of this.
On the week chart. The Fib is red indicating a short bias. The brown box is the zone to look for a short.
Earlier in the week you can see the high at the month fib was hit. Followed by a 200 pip drop. It was also near the week 50% and month average range.
The low today was also a fib hit. It brought it back to 1.0765.
Next week is a good time to keep profit. I may just scalp. Or B.E. when i can.
On the week chart. The Fib is red indicating a short bias. The brown box is the zone to look for a short.
Earlier in the week you can see the high at the month fib was hit. Followed by a 200 pip drop. It was also near the week 50% and month average range.
The low today was also a fib hit. It brought it back to 1.0765.
Next week is a good time to keep profit. I may just scalp. Or B.E. when i can.
Attached Image(s) (click to enlarge)
those who can, do. those who cant, talk about those who can
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