The retreat from 1.0825 to 1.0760 indicates the bulls are taking a breather following Tuesday's sharp rally from the low of 1.0719 to 1.0819. The outlook stays bullish as long as the short-term moving averages - 5-DMA and 10-DMA are sloping upwards.
Fresh bids are likely around 10-DMA, although only a daily close above 1.0830 would signal continuation of the rally from the low of 1.0341
Fresh bids are likely around 10-DMA, although only a daily close above 1.0830 would signal continuation of the rally from the low of 1.0341
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.