The pait ist still caught in the downtrend. Since Sept. we see a Little consolidation in this trend which reached up to the Niveau 0,74.
IMO the Pair ist still in a bearish mood as Long it is trading below 0,74/0,75.
Only Prices above this Niveau will open the possibility for a longterm trendchange. Here is based the sma 200 as a longterm bullish Trigger.
Prices below the midterm uptrendline @ 0.7085 will reach to the first Support Zone at 0.7030.
Prices below 0.7030 will reach to the target 1 @ 0.6915
Prices below 0.6915 will cause a litztle selloff with longterm target @ 0.65 / 0.62
IMO the Pair ist still in a bearish mood as Long it is trading below 0,74/0,75.
Only Prices above this Niveau will open the possibility for a longterm trendchange. Here is based the sma 200 as a longterm bullish Trigger.
Prices below the midterm uptrendline @ 0.7085 will reach to the first Support Zone at 0.7030.
Prices below 0.7030 will reach to the target 1 @ 0.6915
Prices below 0.6915 will cause a litztle selloff with longterm target @ 0.65 / 0.62
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Still downtrend
motleifaul
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