Hi All,
See the self-explanatory chart. A move up from Resistance turning into support, which confluences with the 50% fib retracement.
Tight stop-loss at 132.772
TP at xxxxxxxx (t.b.d.)
See the self-explanatory chart. A move up from Resistance turning into support, which confluences with the 50% fib retracement.
Tight stop-loss at 132.772
TP at xxxxxxxx (t.b.d.)
Trade active:
Today we saw some zig zag movement. In my opinion this is due to the upcoming ECB meeting tomorrow, which will decide the direction for this pair.
I feel that the 133.000 level is a huge psychological level, if we manage to hold this, and the outcome of the ECB meeting is positive for this pair we will see a Bullish continuation move.
Again, this is my outlook on this pair! I am still in this trade obviously.
I feel that the 133.000 level is a huge psychological level, if we manage to hold this, and the outcome of the ECB meeting is positive for this pair we will see a Bullish continuation move.
Again, this is my outlook on this pair! I am still in this trade obviously.