Sell the pair below level of 1.3373, target @ 1.2790 Breakout & consolidation above level 1.337 would allow the pair to grow to 1.390
-Price of Gold significantly fell during Friday's trading session amid strengthening in US dollar. -American currency supported by strong data on the US labour market. -NFP for July amounted 255 thousands, slightly less than the previous of 292... -AHE grew 0.3% The indicators recommend SHORT positions. Support : 1331.19 (local low) , 1327.10, 1320.00,...
On the Daily Chart, Tenkan-sen line is above the Kijun-sen line. Red-line is horizontal, while blue line is directed downwards. Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. Instrument is trading below Tenkan-sen and Kijun-sen lines; bearish trend is still strong. One of the previous minimums of Chikou Span...
The pair likely start correction down. On H4 chart, the price continues growing from the region of 1308.20 (0.382% correction) and is heading towards July highs in the region of 1375.44 (0% ), but these levels unlikely to be reached. A strong growth would only continue only in case of price consolidation above the level of 1375.44.