This pair is at a critically important point:
- Upper area of a channel
- Long standing descending channel drawn from mid August high
- Change of polarity zone
If bulls manage to break this area, we will the August high at 1.54 might well be revisited. Taking into the overbought situation, we expect a downward pullback and then break up of the stiff resistance.
Good luck,
Cyclical Waves Group
- Upper area of a channel
- Long standing descending channel drawn from mid August high
- Change of polarity zone
If bulls manage to break this area, we will the August high at 1.54 might well be revisited. Taking into the overbought situation, we expect a downward pullback and then break up of the stiff resistance.
Good luck,
Cyclical Waves Group
