I think 171.17 will not break easily.
It's at 50% fibo, and it coincides with the upper edge of the channel from the recent range.
If anything it should bounce here. But if it does there probably won't be enough momentum to carry this above the recent break in trendline at 171.86.
I think the price will range between 171.86-171.17.
It's at 50% fibo, and it coincides with the upper edge of the channel from the recent range.
If anything it should bounce here. But if it does there probably won't be enough momentum to carry this above the recent break in trendline at 171.86.
I think the price will range between 171.86-171.17.
Disliked{quote} Seeing this p.a, I do not think long is recommendable at least for today. Why? 171.7 support has been broken in 4 hour chart. Next destination should be 170.8, then 170.3. If pair closes above 172.26/30 in 4 hour chart, then upwards towards 173.00/173.55. Trade safely people.Ignored