Trade Alert
This could come out to be very interesting. The index is coiling up, but before we take any action, let's see which way it breaks through.
A break above the 96.30 level, could open the way towards the 96.46 obstacle, marked by the yesterday's high, a break of which could set the stage for a further move higher to test the 69.70 barrier.
On the downside, a drop below the 95.75 zone, could invite more bears to the table and we could see the index traveling further down towards the 95.48 hurdle, marked by the lows of the 18th and the 22nd of October.
Always have your SL in place.
This could come out to be very interesting. The index is coiling up, but before we take any action, let's see which way it breaks through.
A break above the 96.30 level, could open the way towards the 96.46 obstacle, marked by the yesterday's high, a break of which could set the stage for a further move higher to test the 69.70 barrier.
On the downside, a drop below the 95.75 zone, could invite more bears to the table and we could see the index traveling further down towards the 95.48 hurdle, marked by the lows of the 18th and the 22nd of October.
Always have your SL in place.