Observations
1. Price broke a long term down trend line on May 13th 2014 and has since been going higher.
2. Yearly Pivot is still unhit @ 0.8719
3. The 1.618 Fib extension for the latest up swing is around 0.8700
4. Hidden divergence is seen (Price made a higher low while stochastic made a lower low)
Expectations
- I expect price will move up in the coming days to 0.8700
- Pips from current price level = 316 pips
1. Price broke a long term down trend line on May 13th 2014 and has since been going higher.
2. Yearly Pivot is still unhit @ 0.8719
3. The 1.618 Fib extension for the latest up swing is around 0.8700
4. Hidden divergence is seen (Price made a higher low while stochastic made a lower low)
Expectations
- I expect price will move up in the coming days to 0.8700
- Pips from current price level = 316 pips