The price reached the lower limit of the descending channel on the weekly chart and so bounced off. There are good chances that it moves further upwards to previous support or higher.
Commentaire:
Your thumbs up and comments are much needed and I am grateful to receive them.
Transaction en cours:
The pair sketched a steep uptrend channel but it can move out of it easily to either of the sides.
Transaction en cours:
The pair has 10 more pips to reach the 200SMA on the H4 chart. (1.0978) A reversal/retracement is expected.
Transaction en cours:
The pair reached the 1.1000 area.
Transaction en cours:
Friday brought bulls another 40-50 pips. :)
Trade fermée: cible de profit atteinte:
The price made a retracement to 1.09500 and now bulls have taken over once again.
