Monthly overview, we are on the middle of the range here with support at 123.8-9. Price had bounced there twice last week and is now consolidated in vague descending triangle pattern with height of 1000 points.
if it breaks up, expect selling pressure to continue at 125.4-5
Looking at
DAX
below, the uptrend line in 4hr timeframe has broken and price has been trying to get back above the trend line.
Now wait for confirmation either
EURJPY
break up or down, keep an eye on
DAX
Bình luận:
Price has reached 125.5 and now consolidating in symmetrical triangle pattern