Hi Traders, I took a few days off to fully enjoy the precious time with my family & friends celebrating Chinese New Year, It's been so long since I'm totally off the chart for several days. For those who concerned if I'm okay, I am fine :)
In the previous analysis, I talked about EU rejecting 1.2140 minor resistance zone as people were chasing the buys, which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities after the violation of 1.2140 minor resistance with 1.2220 as the initial target, long-term target back tot he 1.2340 high. However, be cautious that we might see some consolidation/ tight range if market again fail to break above 1.2140 minor resistance zone. Do not the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
In the previous analysis, I talked about EU rejecting 1.2140 minor resistance zone as people were chasing the buys, which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities after the violation of 1.2140 minor resistance with 1.2220 as the initial target, long-term target back tot he 1.2340 high. However, be cautious that we might see some consolidation/ tight range if market again fail to break above 1.2140 minor resistance zone. Do not the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Comment:
Previous analysis
