Expecting rise to 1.26-1.28
weekly; After supply has been in power for so long, demand started showing power ever since the week of the 24th May'21 and had kept increasing after that showing more presence, especially after it broke upside the 1.21 area.
On the daily
- From the 15 June to the to the 16th June price moved up to the 1.25 area on increasing considering demand. Then from the 21/06 to the 23/06 made a retracement to 1.22 and showed signs of supply weakening with some absorption of it for again after moving it to the 1.25.
Which long-term makes me bearish but on the short term expecting a re-touch back to 1.25 and 1.26-1.28 zone as next target at the break upside 1.25 on a SOS
weekly; After supply has been in power for so long, demand started showing power ever since the week of the 24th May'21 and had kept increasing after that showing more presence, especially after it broke upside the 1.21 area.
On the daily
- From the 15 June to the to the 16th June price moved up to the 1.25 area on increasing considering demand. Then from the 21/06 to the 23/06 made a retracement to 1.22 and showed signs of supply weakening with some absorption of it for again after moving it to the 1.25.
Which long-term makes me bearish but on the short term expecting a re-touch back to 1.25 and 1.26-1.28 zone as next target at the break upside 1.25 on a SOS