Price is in the area of yearly support and has already shown rejection at the 0.783 lvl for the past 2 days. I'm seeing it retesting the lvl again and possibly lower to hunt stop loss before the upmove. I'll be looking out for a long trade..
Price has hard time clearing the immediate resistance at 1.17 and the volume has picked up at the higher lvl indicating interest on the lvl. With EUR news later, i believe there will be significant movement. I'm on the sell side and i may be wrong. well, lets see.
Price is within area of interest with several pins forming (especially in the 4h TF) and it is unable to close below the previous low at 0.871. With CAD news tonight, i'm seeing that the news may bring the price upwards. Well, i can be wrong but just see. =)
Price has now entered area of interest with resistance at 89 lvl. I'm looking for a short once there's a strong rejection from 89 lvl with possible target at 87.4 or 86 if the downward force is strong.
Possible bull spotted on this bar as the downtrend movement has stalled coupled with a high volume bullish candle. I'm looking for long entry at either 1.2538 or 1.244 with a SL at 1.2375. Possible TP area is at 1.276 but has to watch closely if the price breaks 1.2685.
I''m seeing a possible retesting of 0.777 as the price is supported at 0.77 lvl.
Need to watch the reaction closely at 0.777. if it broke above, i'm seeing a strong upmove to 0.785/0.79 lvl else it might drop back to 0.77 lvl.
There are many high volume candles above the current price and i'm seeing it shall go down further as long as 111.8/112 holds. However, need to keep a lookout at 110.3 as it shows some support was shown and further down move need to be monitored closely as it is also approaching zone where possible bull may attack back.