CURRENCT PRICE CLOSED @ 1302.10 FOR THE WEEK.
I AM SEEING A REVERSAL PATTERN (INVERTED HEAD AND SHOUDERS) WHICH IS ALSO AT THE PB&J.
IF PRICE CAN HOLD AT THIS 1302.10 LEVEL I WILL GO LONG INTO THEN MY NEXT RESISTANCE @ 1321.80
IF PRICE DOES NOT HOLD SUPPORT, AND MAKES SUPPORT RESISTANCE I WILL LOOK FOR SHORTS TO THE NEXT SUPPORT @ 1270.00
THE RSI IS UNDER THE 50 WHICH REPRESENTS BEARISH MOMENTUM STILL.
I AM SEEING A REVERSAL PATTERN (INVERTED HEAD AND SHOUDERS) WHICH IS ALSO AT THE PB&J.
IF PRICE CAN HOLD AT THIS 1302.10 LEVEL I WILL GO LONG INTO THEN MY NEXT RESISTANCE @ 1321.80
IF PRICE DOES NOT HOLD SUPPORT, AND MAKES SUPPORT RESISTANCE I WILL LOOK FOR SHORTS TO THE NEXT SUPPORT @ 1270.00
THE RSI IS UNDER THE 50 WHICH REPRESENTS BEARISH MOMENTUM STILL.