Trade Alert
Keep monitoring the 94.50 level, as a close below that could open the way towards the 93.75 support area, marked by the low of the 9th of July. This is where the price could stall for a bit, as it would meet its 200 EMA. Further declines could lead to a test of the 93.20 zone, which was the low of the 14th of June.
Alternatively, a strong rebound from the 94.50 level could attract more bulls into the game and they could lift the index higher, towards the 95.75 hurdle, marked by the high of the 4th of September.
Always have your SL in place.
Keep monitoring the 94.50 level, as a close below that could open the way towards the 93.75 support area, marked by the low of the 9th of July. This is where the price could stall for a bit, as it would meet its 200 EMA. Further declines could lead to a test of the 93.20 zone, which was the low of the 14th of June.
Alternatively, a strong rebound from the 94.50 level could attract more bulls into the game and they could lift the index higher, towards the 95.75 hurdle, marked by the high of the 4th of September.
Always have your SL in place.