Target: 1.1180
Risk: 1.1490
Technical reasons:
Failing to consolidate for long time above the descending channel’s resistance pushes the price to decline again, and 1.1440 level is broken to face more negative pressure.
The next target reaches 1.1180, while surpassing 1.1490 will lead the price to attempt to rise again.
Risk: 1.1490
Technical reasons:
Failing to consolidate for long time above the descending channel’s resistance pushes the price to decline again, and 1.1440 level is broken to face more negative pressure.
The next target reaches 1.1180, while surpassing 1.1490 will lead the price to attempt to rise again.