Hi Traders!
We have a bearish price channel set up here, there is currently a bearish bias as we had a previous double top around the 1.25156 area, there was then a momentum push to the upside to break the double top. We then had resistance at the 1.25845 level and we are now back in the range to possibly push to the downside, we must close outside the price channel, if we do we will target the 1.24364 support level with a possible further push down.
We will continue to keep a close eye on this one and will alert you of further potential opportunities to come.
Thank you for your support!
BluetonaFX
We have a bearish price channel set up here, there is currently a bearish bias as we had a previous double top around the 1.25156 area, there was then a momentum push to the upside to break the double top. We then had resistance at the 1.25845 level and we are now back in the range to possibly push to the downside, we must close outside the price channel, if we do we will target the 1.24364 support level with a possible further push down.
We will continue to keep a close eye on this one and will alert you of further potential opportunities to come.
Thank you for your support!
BluetonaFX