price has currently just spiked and broken the 0.7 handle. This is a fundamental level for this pair, just because we have flicked below it now means nothing if today's/the weekly candle closes upwards of it.
Trendline lines up nicely with the 200 EMS (4h) giving us some good confirmation that this trade is accurate.
Price hit our 0.7 target at the back end of last week, we expect a retracement upwards to the previous resistance level at 0.725/0.73 within the foreseeable future before consolidation within this zone.
Initial Target 1 - 0.715
Secondary targets are T2 - 0.7250
CHECK OUT SOME OTHER BITS OF ANALYSIS HERE
instagram.com/globopips/
Trendline lines up nicely with the 200 EMS (4h) giving us some good confirmation that this trade is accurate.
Price hit our 0.7 target at the back end of last week, we expect a retracement upwards to the previous resistance level at 0.725/0.73 within the foreseeable future before consolidation within this zone.
Initial Target 1 - 0.715
Secondary targets are T2 - 0.7250
CHECK OUT SOME OTHER BITS OF ANALYSIS HERE
instagram.com/globopips/
