Hey, traders. Thank you for comments and boosts.
Today's chart is Euro. Let's check it quickly.
We can see
1. the ascending channel.
2. top resistance on 1.08500
3. support on 1.06000 and 1.04500
We should check
Thursday - US Initial Jobless Claims, Crude Oil Inventories
Friday - Manufacturing PMI
We can expect
1. rebounding from 1.06000 to 1.08500
2. the price dropping by resistance on 1.08500
3. the price drops to 1.04500 and rebound to 1.08500
By overlapped support on 1.06000, the price stopped dropping.
It seems like we can have chance for Long position near present price and hold it till 1.08500.
After closing our long position, we can have chance for short position.
If the price breaks the support on 1.06000, we will wait till 1.04500 for long position to 1.08500.
Let's see how the price moves.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is Euro. Let's check it quickly.
We can see
1. the ascending channel.
2. top resistance on 1.08500
3. support on 1.06000 and 1.04500
We should check
Thursday - US Initial Jobless Claims, Crude Oil Inventories
Friday - Manufacturing PMI
We can expect
1. rebounding from 1.06000 to 1.08500
2. the price dropping by resistance on 1.08500
3. the price drops to 1.04500 and rebound to 1.08500
By overlapped support on 1.06000, the price stopped dropping.
It seems like we can have chance for Long position near present price and hold it till 1.08500.
After closing our long position, we can have chance for short position.
If the price breaks the support on 1.06000, we will wait till 1.04500 for long position to 1.08500.
Let's see how the price moves.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
