This pair has been on a non-stop rise since the beginning of August that only recently exhausted near the 2.00290 1W Resistance. This is most likely a Double Top rejection formation and 1W may form a Rectangle within that Resistance and the 1.82800 Support. With 1W fast approaching neutral levels (RSI = 55.639, MACD = 0.010, Highs/Lows = 0.0299), we are expecting the pull back to be extended and have a (rather wide indeed) Target Zone of 1.87000 - 1.82800. Pay attention to the High Volatility Zone within 1.9080 - 1.94220, which can keep the price sideways for a few sessions.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial