Implications and Outlook
1. The gyration momentum moving Swissy from Currency Rally 1.00560 to Currency Dip of 0.98030, and possibly to Key Support 0.96380.
2. Price action has created the value of the intermediate-term Mean Resistance 0.99580, which is causing the decline towards Currency Dip 0.98030.
3. The violation of the current Mean Support 0.98670 and intermediate-term Currency Dip will undoubtedly bring serious of the short-term bearish implications, while Key Support of 0.96380 lays directly below.
4. Current Bearish/Bullish bias is 80/20
1. The gyration momentum moving Swissy from Currency Rally 1.00560 to Currency Dip of 0.98030, and possibly to Key Support 0.96380.
2. Price action has created the value of the intermediate-term Mean Resistance 0.99580, which is causing the decline towards Currency Dip 0.98030.
3. The violation of the current Mean Support 0.98670 and intermediate-term Currency Dip will undoubtedly bring serious of the short-term bearish implications, while Key Support of 0.96380 lays directly below.
4. Current Bearish/Bullish bias is 80/20