In the previous analysis, I talked about the range between 1.17874 & 1.1850 S&R zones. In today's trading session, I will remain neutral bias. Until we see a clear break above or below the range, I will be taking a step back due to the recent choppiness in EU. Two scenarios that I am looking at
1. If we get a clear upwards breakout of 1.1990 minor resistance zone, I will be looking for potential break & re-test setup with 1.2150 area as the target (Bullish) 2. If price is just chugging within the range, 1.1845 is the nearest support zone
The higher timeframe structure remains bullish. Be flexible.
Trade safe.
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In intraday analysia, Which moving averages combination perform well ? 18 ema and 50 ema or any other
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regards