The last Friday NY bearish closed sited at Fibo(38.2) and still showing a strong bullish move since last March we may see a bit more downward move to test the Fibo(50) at 1.16388 before start another bullish leg up again. While the price stays above the 1.5956 level I will look for any price action towards 1.18298 but with all chaos caused by this tariff war we need to be careful.
As a technical reference, Resistance at 1.182998, Support at 1.14522 and RSI(14) at 58 that seems to be heading to test the 50 level.
As a technical reference, Resistance at 1.182998, Support at 1.14522 and RSI(14) at 58 that seems to be heading to test the 50 level.
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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.