This pair is in a phase of consolidation but it has just crossed 13&50 EMA indicating that we could see this pair move towards the Daily Resistance Zone (Green).
This will be an area where I'll be looking to go short.
DRZ(Green Zone) = (0.97500-0.98050)
Furthermore, above the DRZ there is a Weekly Resistance Zone which is even stronger than the Daily level. If the market decides to break above DRZ, then we could see the market head towards the Weekly Resistance Zone.
(Red Zone WRZ)= (0.98450-0.99085)
Green Support Zone(0.96360-0.96520)
Trade active:
This Pair has entered into the Monthly Support Zone.
This week I'll be looking for possible Counter-trend opportunities within this zone to the upside (Brown Area)
This week I'll be looking for possible Counter-trend opportunities within this zone to the upside (Brown Area)