These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
Price pushed above the .7246 resistance figure marked in yesterday's short-term technical outlook with relative ease, further validating that buyers are in control.
Given the current sentiment buying opportunities are preferred.
The .7246 figure now marks key support and a dip down into the figure will likely be matched with swift buying.
A lift above current highs will put sights up to the next key resistance figure at .7311.
I hope this offers some directional clarity on this pair. Enjoy!