Hi Traders!
The market was moving with very clean moves and clear consolidation areas.
But now the market stopped moving at the resistance/support at 1.10800.
It is not in a clear trend but it isn't in a clear range too.
The next most obvious level to trade is the resistance box.
It consists of a resistance and a strong trendline which is coming from above on the 4h timeframe.
If the market reaches this level, it will go down until the first support at 1.10012
and after a pullback, it'll move further to the secound support at 1.08900.
We recommend to sell the down movements when the market reaches the reversal zone.
Thanks and good luck :)!
The market was moving with very clean moves and clear consolidation areas.
But now the market stopped moving at the resistance/support at 1.10800.
It is not in a clear trend but it isn't in a clear range too.
The next most obvious level to trade is the resistance box.
It consists of a resistance and a strong trendline which is coming from above on the 4h timeframe.
If the market reaches this level, it will go down until the first support at 1.10012
and after a pullback, it'll move further to the secound support at 1.08900.
We recommend to sell the down movements when the market reaches the reversal zone.
Thanks and good luck :)!