Expecting further decline toward 1.2975 level. Firm break and hold below suggest possible decline toward major support level @ 1.2773 in longer term.
Strong bearish downtrend signals causing concern for possible trend reversal in medium term.
A firm break and hold below 1.2773 will serve as confirmation that bearish trend may continue, but firm break and hold above this level would serve as confirmation that bearish trend is complete and would expect bullish trend to return in longer term.
A firm break and hold above minor resistance level @ 1.3221/25 would serve as important signal to bullish rebound.
(1.1946 should show as 2016 High)
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Commentaire
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SELL Stop Order placed Entry @ 1.31489 T/P @ 1.29824 S/L @ 1.33154 Total Target = 166.5 pips
Transaction en cours
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Commentaire
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In Downtrend from 1.3135 support. Expecting correction to 1.3236 level.
Expecting Downtrend to continue toward 1.2932 support.