Pair has been consolidating for several months. Has broken the 2013 uptrend_line. Below 100 and 200 Daily sma. Finding some support on the 50 weekly sma. Within Descending Triangle pattern. MACD turning negative. ( monthly MACD has turned ) Possible 5th wave, entry point. Weekly RSI has broken uptrend_line. Confirmation breaking horizontal support at 100.700. Needless to say, this support is quite critical.
Targets : 100.740 99.966 98.977 97.400
Invalidates, break above Triangle. Turns Neutral. with resistance at 102.778 and 104.087.
Comments
ZenMasterFX
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This pair is moving sideways. Look for a break above or below 101.350.