The purple DEMA (26) indicates a demand zone at the break of price above it, and the red McGinley (21) tells us that the price did a false break-out to form support at 1.94096.
Because of that support area, there needs to be a bullish break above 1.95748, -that hasn't happened yet. Otherwise, that support area can be visited by the bears.
1.96926 is the target and 1.98002 is the bias.
*We do not offer signals but we strive to be as accurate as we can possibly get, in the hope that we somehow assist you in your own analysis and confirmations :)
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
Because of that support area, there needs to be a bullish break above 1.95748, -that hasn't happened yet. Otherwise, that support area can be visited by the bears.
1.96926 is the target and 1.98002 is the bias.
*We do not offer signals but we strive to be as accurate as we can possibly get, in the hope that we somehow assist you in your own analysis and confirmations :)
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.