- Resistance continues to hold, short trade
I will wait for a break below the low of the latest four-hour at 53.00 to initiate a short.
A break below the rising may confirm the short scenario.
- Resistance breaks, long trade
In this case we need at least a daily closing above that resistance. Minimum target for this scenario at 59.00
Scenarios and targets are illustrated on chart..
I will be updating with specific entry levels if materialized.. .
http://thefxchannel.com/ , visit.. vote and subscribe. Thank you
My best regards