Hey, traders. Thank you for comments and boosts.
Today's chart is Euro. Let's check it quickly.
We can see
1. the ascending channel.
2. top line of the ascending channel on 1.09200
3. overlapped support on 1.06000
We should check
Friday - ECB President Lagarde Speaks, US Existing Home Sales
We can expect
1. Short-term drop by top resistance on 1.09200
2. rebounding from overlapped support on 1.06000
Euro is near top line of the ascending channel.
What we can expect from this is Eruo will drop for short-term.
If the price drops, that will be from 1.09200 to 1.06000.
So, it will be favorable to have short position from 1.09200 and close the position at 1.06000.
Let's see if we can have that position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is Euro. Let's check it quickly.
We can see
1. the ascending channel.
2. top line of the ascending channel on 1.09200
3. overlapped support on 1.06000
We should check
Friday - ECB President Lagarde Speaks, US Existing Home Sales
We can expect
1. Short-term drop by top resistance on 1.09200
2. rebounding from overlapped support on 1.06000
Euro is near top line of the ascending channel.
What we can expect from this is Eruo will drop for short-term.
If the price drops, that will be from 1.09200 to 1.06000.
So, it will be favorable to have short position from 1.09200 and close the position at 1.06000.
Let's see if we can have that position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
