The 1.11000 natural resistance level and recent highs from last week at 1.1009 and 1.11158 are now upside targets should the buyers be able to keep firm control.
Close risk will be watched against the broken trend line and below that the 100 hour moving average at 50% retracement at 1.1078 area.
The buyers are making a play. Can they keep control on the break to the upside and push to a retest of last week highs?
Let me know your view in the comment.
Close risk will be watched against the broken trend line and below that the 100 hour moving average at 50% retracement at 1.1078 area.
The buyers are making a play. Can they keep control on the break to the upside and push to a retest of last week highs?
Let me know your view in the comment.
