Fall from 1.0124 resumed after brief recovery. The deeper than expected decline, and stay below 4 hour 55 EMA, suggests that rise from 0.9926 could have completed. Intraday bias is back on the downside for this key support level. Break will carry larger bearish implication. On the upside, though, break of 1.005 minor resistance will turn bias back to the upside for retesting 1.01 instead.
The target is 0.9970.
Turning point: 1.005.
Under 1.0050, bearish , target price is set at 1.3150, then 1.3080.
Above 1.0050, bullish , target price is 1.0080 and 1.0100 next.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
The target is 0.9970.
Turning point: 1.005.
Under 1.0050, bearish , target price is set at 1.3150, then 1.3080.
Above 1.0050, bullish , target price is 1.0080 and 1.0100 next.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Comment:
TP1 Reached.
Comment:
Target Reached.