These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
This pair is looking firmer in the range above the .716 support figure and the bias is switching to the upside, however a sustained break above the .7246 resistance is still to be seen.
Buyers appear to be in control at this point, but until the break above .7246 occurs a swift reversal to the downside is still in the playing cards to be careful.
Should we see sellers step in near the .7246 resistance see short-term intraday support near around .72.
I hope this offers some directional clarity on this pair.
Enjoy!
Good evening traders!
This pair is looking firmer in the range above the .716 support figure and the bias is switching to the upside, however a sustained break above the .7246 resistance is still to be seen.
Buyers appear to be in control at this point, but until the break above .7246 occurs a swift reversal to the downside is still in the playing cards to be careful.
Should we see sellers step in near the .7246 resistance see short-term intraday support near around .72.
I hope this offers some directional clarity on this pair.
Enjoy!
