Long term trend: Down
Medium term trend: Down
Significant levels: 1.3000 (Significant Round Number), 1.2840 (Horizontal Resistance), 1.2500 (Horizontal Support)
We are still bearish with this pair, but, there is no sign of bearishness recently. You can see in the chart that the recent candlesticks are slowly going up and the price is now above the 1.2500 level which is the previous resistance and now the support. We cannot trade this right now. It would be good if the price goes up. That would mean that we could place a sell trade at a higher price.
Trade well.
Medium term trend: Down
Significant levels: 1.3000 (Significant Round Number), 1.2840 (Horizontal Resistance), 1.2500 (Horizontal Support)
We are still bearish with this pair, but, there is no sign of bearishness recently. You can see in the chart that the recent candlesticks are slowly going up and the price is now above the 1.2500 level which is the previous resistance and now the support. We cannot trade this right now. It would be good if the price goes up. That would mean that we could place a sell trade at a higher price.
Trade well.