TradingView
benedekdomotor
Jul 8, 2020 8:48 AM

These are confusing times  

US 500Currency.com

Description

As you can see the long term resistance (started on Feb 20) holds still. It failed to break out, for now.
I have no idea what will happen, but 3 scenario is possible.
First one: a healthy pullback is coming our way ( target: 3096.2) than a run-up (target: 3243.6)
Second: the resistance completely rejects the price, in this case, a lower level might be possible ( target: 2990.3)
The third one: If it breaks out soon; then we might reach higher levels quickly ( first target: 3229.8)

Trade closed: target reached

More