These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
Bias on this pair has shifted from upside to neutral after rejection at the 1.062 high.
Short-term resistance now at 1.0575, only a lift above will put sights back up to 1.062 high and a break of the latter will exposure further upside.
1.048 acts as key support to protect from the downside, only a sustained break below will expose further downside.
Above 1.048 risk is still to the upside so buying opportunities are still preferred.
Enjoy!
Good evening traders!
Bias on this pair has shifted from upside to neutral after rejection at the 1.062 high.
Short-term resistance now at 1.0575, only a lift above will put sights back up to 1.062 high and a break of the latter will exposure further upside.
1.048 acts as key support to protect from the downside, only a sustained break below will expose further downside.
Above 1.048 risk is still to the upside so buying opportunities are still preferred.
Enjoy!
