As I spoke this week: after a sharp rise, the price came with a turnover of 1.197. And it continues to stand at this point for the last two days. The price is at the resistance line at 1.197. This is the line of the descending channel that has existed since the beginning of the year. I expect the price to move after the pause. It will fall to support (global rising trend line 2020) The target is 1.175.
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Excellent friend! I am also looking forward to the fall and have a similar idea for this pair. I think that the price will really drop to support. But after the next reversal, I assume that it can rise very high.
TradingAlchemist
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european stock indices today were traded higher thanks t growth of sentiment in favor of restoring global economy.
Lingrid
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The US economy is impressive.
Retail sales jumped 9.8% mom in March, which was the best dynamics in 10 months, industrial production rose 2.7%....
aleksandermedved
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@Lingrid, great analize.
Can you tel me is it still bearish? Becouse it it going up (SL where?).
Solldy
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From January 6, the price keeps your falling channel! This is a lucrative sign for your new idea! The price bounces off the dotted top line well and that gives me hope!