Prices have extended through the short-term range resistance
levels at 0.8930, suggesting potential for a stronger move
towards the broader range highs in the 0.8980-0.9030 region. If
so, pullbacks should hold support in the 0.8880-0.8865 region,
with a decline through there turning us back into the previous
range and highlighting last week as a false upside break. We
still believe the broader range highs in the 0.8980-0.9030
region should hold for a decline back within the range.
levels at 0.8930, suggesting potential for a stronger move
towards the broader range highs in the 0.8980-0.9030 region. If
so, pullbacks should hold support in the 0.8880-0.8865 region,
with a decline through there turning us back into the previous
range and highlighting last week as a false upside break. We
still believe the broader range highs in the 0.8980-0.9030
region should hold for a decline back within the range.
Order cancelled:
Price action invalidated trade entry