Hindsight!!
Did price just respect the technical trend line?
Where to from here?
If support @ 0.88 holds, could see a long to 0.9928
ELSE
decline to 0.7852
But will support hold? I doubt, considering the strong confluence of supp/res at 0.9938 and 0.9928.
To pin hopes that the SNB will support prices is like learning nothing at all from today's events.
Did price just respect the technical trend line?
Where to from here?
If support @ 0.88 holds, could see a long to 0.9928
ELSE
decline to 0.7852
But will support hold? I doubt, considering the strong confluence of supp/res at 0.9938 and 0.9928.
To pin hopes that the SNB will support prices is like learning nothing at all from today's events.