I was asked to put together and analysis for this pair. I am pleased to see some strong support and resistance in play creating positive trade sentiment.
A rejection at current resistance at market open will sentiment towards a bottom support retest at 19.53400.
A break through resistance at market open will continue to make attempts for breaks through 20.19600 and 20.66400. If this occurs a huge momentum towards 22.00000 will be in play.
MACD/SIGNAL cross in play and heading for 0 line. RSI dropping out of overbought zone.
Pay close attention to payouts at support and resistance mapped.
Again this is on my mobile phone so my apologies for the charting.
Please comment with thoughts and ideas. Thank you
A rejection at current resistance at market open will sentiment towards a bottom support retest at 19.53400.
A break through resistance at market open will continue to make attempts for breaks through 20.19600 and 20.66400. If this occurs a huge momentum towards 22.00000 will be in play.
MACD/SIGNAL cross in play and heading for 0 line. RSI dropping out of overbought zone.
Pay close attention to payouts at support and resistance mapped.
Again this is on my mobile phone so my apologies for the charting.
Please comment with thoughts and ideas. Thank you