On Thursday (31st Dec) analysis, I expected the market to respect 1.2270 technical support (daily high). After the trendline was broken, a sudden momentum shift occurred violating both 1.2270 & 1.2250 support zone. Coming into Monday (4th Jan), will be focusing on short-term selling opportunities after some pullback potentially back to 1.2255 minor resistance, with 1.2179 as target. However, do not forget that the uptrend is still intact, we could also expect some channeling or range bound condition before further continuation.
Will keep it updated on Monday. Trade safe.
Do follow my profile for daily fx forecast.
Will keep it updated on Monday. Trade safe.
Do follow my profile for daily fx forecast.
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