On Friday, I was looking for a move higher to the strong resistance before a down move but instead, market was sideways before it moved down further.
Monthly price action is bullish, while weekly price action is neutral and indicating a possible turn, while daily is slightly bearish. Daily trend is still up though.
Likely price would want to go down further before a turn and thus I would look at 1.1021, near the bottom of the BZ for a possible dip and rally (BZ to save the day again) to 1.1061. A close above 1.1061 will likely be followed by a move higher tomorrow, with 1.1115 as next target.
Monthly price action is bullish, while weekly price action is neutral and indicating a possible turn, while daily is slightly bearish. Daily trend is still up though.
Likely price would want to go down further before a turn and thus I would look at 1.1021, near the bottom of the BZ for a possible dip and rally (BZ to save the day again) to 1.1061. A close above 1.1061 will likely be followed by a move higher tomorrow, with 1.1115 as next target.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.