Support @ 110 held, Hammer formed, signaling Bullish trend.
Break above Hammer = possible rise to 112.5
Break above 112.5 = possible rise to 115 level
Break below Hammer = possible decline to 108
Break below 108 = possible further decline to 100
Bullish trend still showing momentum, however taking into consideration eventual market correction.
Watching for break of 1.4778 for Bullish signal to possible 1.5072
BUY Enty Order placed @ 1.14780 / TP @ 1.50650
R1 1.4731 R2 1.4741 R3 1.4754
S1 1.4704 S2 1.4690 S3 1.4679
If 1.4778 not broken, Order will be cancelled.
Personal analysis only. Please use your own rules & strategies prior to entering market.
RSI @ 73.2202 at market closing, potential Overbought signal. Close watch for Bearish. Key levels @ S1 1.1692 - S2 1.1635 - S3 1.1599
Personal analysis only. Please rely on your own rules & strategies prior to entering market.