The pair, yet again, saw gains pre Asia and losses during Asia session, where
it was pushed below the triangle floor and is now looking lower. The sell off
continues into early Europe trading and price has quickly advanced towards
the Yearly pivot point, currently cutting through the Weekly S1. Since this breakout
has been brewing some time now, it may become sharp, and exceed the Yearly pp at
11450, which is aligned with the Dec 22 low. There is not much of support below
11450 until the 8950 level. Weekly S2 at 10750 may give support though.
it was pushed below the triangle floor and is now looking lower. The sell off
continues into early Europe trading and price has quickly advanced towards
the Yearly pivot point, currently cutting through the Weekly S1. Since this breakout
has been brewing some time now, it may become sharp, and exceed the Yearly pp at
11450, which is aligned with the Dec 22 low. There is not much of support below
11450 until the 8950 level. Weekly S2 at 10750 may give support though.
Comment:
Intital bounce from the first support at 11450
