InvestingScope

XEMUSD: Expect a rejection on the 1W Lower High. Short.

Short
The price is approaching the Lower High limit of the 1W Channel Down (RSI = 37.875, MACD = -0.079, Highs/Lows = -0.0014, B/BP = -0.0321) and if the 1D candle breaks 0.09500, it is a confirmation of a break out towards the 0.0777 1D support. 0.088 can be your first TP but we are still looking for 0.060 on the long term.

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