30 of Sept: Last daily bar is a counterattack bullish candle line. I believe it neurtralised a bit the downtrend, though downward momentum still exists as seen through EMA8 cross below EMA50. The critical region is the Support Line at the region 96.30 +- 0.20
Given the price remains above that level its likely to be bullish in the medium term.
Awaiting for a clearer long scenario.
1st Oct Daily bar bias: neutral - its probably best looking into
smaller timeframes to decide the direction
Given the price remains above that level its likely to be bullish in the medium term.
Awaiting for a clearer long scenario.
1st Oct Daily bar bias: neutral - its probably best looking into
smaller timeframes to decide the direction
Since 2017 the market has been in a volatile trading range between 104 and 114.