It seems that we are going to experience two major support areas; 1.2955 & 1.2800.
If the first support area was broken, the pair will fall down to the next area.
On the other hand, in case if the price bounced off the 1.3000, we can head north to 1.3188, and from there to 1.3255.
Which route is more probable for me? The first one!
If the first support area was broken, the pair will fall down to the next area.
On the other hand, in case if the price bounced off the 1.3000, we can head north to 1.3188, and from there to 1.3255.
Which route is more probable for me? The first one!
Happy Trading!