Summary:
-Short term moving averages clearly indicates a sideways market(short term)
-Price clears 102.54-102.67 resistance level
-Next Dynamic Resistance at the falling trend line currently at 103.10-103.15.
Strategy:
-If price pulls-back towards 102.55 area, look for new intraday bullish setups through rejection and pin bars. Update target could be at 103.00 and 103.15.
-If price breaks and hold back below 102.53 we will probably another leg towards the minor rising trend line for the latest bullish wave at 102.00.
Good luck, join me @:
twitter.com/thefxchannel
thefxchannel.com
-Short term moving averages clearly indicates a sideways market(short term)
-Price clears 102.54-102.67 resistance level
-Next Dynamic Resistance at the falling trend line currently at 103.10-103.15.
Strategy:
-If price pulls-back towards 102.55 area, look for new intraday bullish setups through rejection and pin bars. Update target could be at 103.00 and 103.15.
-If price breaks and hold back below 102.53 we will probably another leg towards the minor rising trend line for the latest bullish wave at 102.00.
Good luck, join me @:
twitter.com/thefxchannel
thefxchannel.com