The long zone starts at the 1.0890 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 1.0920, 1.0952 and the 1.0985 levels.
The short zone starts at the 1.0825 level. In this case he potential targets can be the larger bid levels of Institutional Holders. These are the 1.0798, 1.0765 and the 1.0732 levels.
Macro data(s):
USD Unemployment Claims macro data is being published at GTM 13:30, and the USD ISM Non-Manufacturing PMI data at GTM 15:00. Its bigger movement may affect the analysis.
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The short zone starts at the 1.0825 level. In this case he potential targets can be the larger bid levels of Institutional Holders. These are the 1.0798, 1.0765 and the 1.0732 levels.
Macro data(s):
USD Unemployment Claims macro data is being published at GTM 13:30, and the USD ISM Non-Manufacturing PMI data at GTM 15:00. Its bigger movement may affect the analysis.
If you like the analysis, and you would like to see our forecasts among the first, you give me a follow.
If you're already following, thanks for the support.
Follow Smart Money
Twitter: @FXSmartMoney
Comment:
The price reached the 1st and 2nd OFFER levels.
Comment:
The price reached the 3rd OFFER level.