The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track
Support & Resistances 1.08747 1.08920 1.08521 1.09146 1.08286 1.09381
H4 CHART ( BULLISH )
Waiting for a retracement lower towards the 1.08449 support level, in order to reinstate LONG positions. Next important support is the 1.08189 level.
Support & Resistances 1.08449 1.08707 1.08189 1.09239 1.07849 1.09770
DAILY CHART ( BULLISH )
Target 1 at 1.08803 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.08473 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances 1.07970 1.08449 1.07849 1.08706 1.07331 1.08909
WEEKLY CHART ( BULLISH )
A medium probability, entry signal to go LONG was given at 1.08380 after the market found support at 1.07338 . Only the downward break of 1.07338 would cancel the bullish scenario and take us SHORT.
Support & Resistances 1.07377 1.08341 1.06588 1.08909 1.05982 1.09140