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we are looking to go short on this pair .. currently at strong resistance and also forming a double top formation.. we look for price to drop to 0.75xxx zone and start to consolidate in this area before dropping to 0.73xxx zone
with this pair we are looking for retracements to the downside and a move up to structure of 1.00xxx and then a retracement back down to 0.98xx and finally an up move to the 1.03xx where we should find strong resistance and structure
we are looking at this pair being at a strong support area as it has tried to break it several times in the recent past.. we are looking for buyers to come into the market and drive price to resistance at 1.42xx area
we look for this pair to continue to respect the support zone of 1.21xxx as it has done in the past. we are looking to have price move to resistance at 1.26xx with potential to move past and got to 1.29xxx resistance..where it should meet with 200 EMA before this can happen we look for a break of the 1.22xx trend ...
this has broken trend line after trying to break a strong resistance at 1.35xxx .. we look for this pair to find support at 1.27xxx .. before this can be done this pair needs to break current support at 1.31xxx
we are looking for this pair to break resistance at the 0.75xxx area and move to a stronger resistance of 0.77xxx .. the market has failed to break this level going back to 04/2016..as the value of the USD continues to decline it should move into the 0.77xx area ..
we are looking for this pair to move to 111.xxx area where there is a goos support zoner area. clearly the USD value has continued to decline over the past weeks after topping out at the 118.xxx we should see price action and the 200 EMA come together around the 111.xxx area