0.6675 : strong barrier of Support, assuming it is the decision buy for Top Market Players.
By knowing its area was broken in the last weeks, it gives us the signal, that there are no more buying interest in this pair.
The last indecision of price around 0.6700 shows the winner of its battle, the sellers.
If only price hit this level again, it will bounce for sure, but don't be happy too soon.
The party hasn't just begun.
The strong Supply Area around 0.6700, must be backed up by weakness buyers in the next fortnight in order to survive for long.
By means, should the buying compression towards Supply Area not happen, but shows buying impulse instead, it will be consolidation for long.
And that's the sign that left by Bigger Market Players for us, to leave the market immediately
By knowing its area was broken in the last weeks, it gives us the signal, that there are no more buying interest in this pair.
The last indecision of price around 0.6700 shows the winner of its battle, the sellers.
If only price hit this level again, it will bounce for sure, but don't be happy too soon.
The party hasn't just begun.
The strong Supply Area around 0.6700, must be backed up by weakness buyers in the next fortnight in order to survive for long.
By means, should the buying compression towards Supply Area not happen, but shows buying impulse instead, it will be consolidation for long.
And that's the sign that left by Bigger Market Players for us, to leave the market immediately