If you followed this analysis -
You're in a 230 pip profit move, $1.24 was a strong rejection zone. My expectations now are to see a retracement back up and retest, then I can see a continuation of the downtrend all the way down to $1.20.
Momentum has been very strong and I wouldn't be surprised seeing lower lows this year rather than higher highs.
You're in a 230 pip profit move, $1.24 was a strong rejection zone. My expectations now are to see a retracement back up and retest, then I can see a continuation of the downtrend all the way down to $1.20.
Momentum has been very strong and I wouldn't be surprised seeing lower lows this year rather than higher highs.
Trade closed: target reached:
All targets have been reached.