Good day to you,
Hope you all got the discounts on offer earlier.Looking at where we are:
I believe we are in an area that will give us some initial choppiness. Some important SR levels in play. Two of the more important ones beeing the the September high @ 1.5920 and last week's opening price @ 1.5950.
No longer term longs must be attempted unless price finds support @ 1.5955, but ideally, only above 1.5982 - this will put us back into bullish territory.
Below price, the 50% line of the October range, sits @ 1.5904, with last week Thursday's low @ 1.5885. If these price levels are broken through and offers resistance, we may head lower to 1.5797 ( the opening price of 2 weeks ago). But since we are inbetween some strong numbers, we may end the day @ 1.5948 / 1.5952 area.
Wish you all success
Regards
Hope you all got the discounts on offer earlier.Looking at where we are:
I believe we are in an area that will give us some initial choppiness. Some important SR levels in play. Two of the more important ones beeing the the September high @ 1.5920 and last week's opening price @ 1.5950.
No longer term longs must be attempted unless price finds support @ 1.5955, but ideally, only above 1.5982 - this will put us back into bullish territory.
Below price, the 50% line of the October range, sits @ 1.5904, with last week Thursday's low @ 1.5885. If these price levels are broken through and offers resistance, we may head lower to 1.5797 ( the opening price of 2 weeks ago). But since we are inbetween some strong numbers, we may end the day @ 1.5948 / 1.5952 area.
Wish you all success
Regards
Attached Image (click to enlarge)
