Since it tested the peak at 0.70 on the last day of 2019, it then plunged down about 2.57% to
0.685 level. Now we are facing an important level, the 0.69103 level. This resistance must be broken out for it to continue its bullish move.
It is possible for it first goes up to 0.69393 to form the right shoulder , a possible retreat (where buyers can buy cheaper) before it heads up again.
Ready, on the mark.......
0.685 level. Now we are facing an important level, the 0.69103 level. This resistance must be broken out for it to continue its bullish move.
It is possible for it first goes up to 0.69393 to form the right shoulder , a possible retreat (where buyers can buy cheaper) before it heads up again.
Ready, on the mark.......
Comment:
Praise Lord, it moves up towards the RS direction. Let's hope it stays that way.