Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances 1.10049 1.10554 1.09528 1.10964 1.08625 1.11867
H4 CHART ( BULLISH )
A high probability, entry signal to go LONG was given at 1.10175 after the market found support at 1.10004 . Only the downward break of 1.10004 would cancel the bullish scenario.
Support & Resistances 1.10010 1.10964 1.08189 1.11527 1.07849 1.12481
DAILY CHART ( BULLISH )
Target 1 at 1.109813 has been reached. We closed the 50% of our position and now we are waiting for target 2.
Support & Resistances 1.08909 1.10381 1.08586 1.10964 1.08449 1.11359
WEEKLY CHART ( BULLISH )
Target 1 at 1.09813 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.08380 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances 1.07377 1.08341 1.06588 1.08909 1.05982 1.09140