The cable is heading for the major support of 1.20/1.19.
Should that support get broken through the next support would be the 2020 low of 1.15/1.14100.
Long term wise we should expect a major bounce back but only time will tell.
Should that support get broken through the next support would be the 2020 low of 1.15/1.14100.
Long term wise we should expect a major bounce back but only time will tell.
Comment:
respecting the support and a bounce of around 400/500 pips so far!