As expected daily break under 1.1802 bring us to the next key spot at 1.1699 which one holds yesterday easily even without a doubt. Real prices that you can catch were a bit higher anyway.
Current situation is sideway with main support in my opinion around 1.1584/86 and main resistance at 1.1854 minor one at previous support, now resistance (in other words it is 1.18).
A lot of supports and it is already mud bathing for bears. Very helpful for medical reasons, but you need to clean the fur in any case.
So, until 1.1699 holds I will bet on some bullish reaction under 1.18 level. Hard to expect something more due to FED reasons, until announcement for sure.
Trade safe and wise.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
Current situation is sideway with main support in my opinion around 1.1584/86 and main resistance at 1.1854 minor one at previous support, now resistance (in other words it is 1.18).
A lot of supports and it is already mud bathing for bears. Very helpful for medical reasons, but you need to clean the fur in any case.
So, until 1.1699 holds I will bet on some bullish reaction under 1.18 level. Hard to expect something more due to FED reasons, until announcement for sure.
Trade safe and wise.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
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Watch 1.1728 for hints...
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Hard to catch reversal against the trend. Always hard.
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As you can clearly see market mostly caught long especially after this second dip to 1.1772 a lot of traders and gurus were bullish.
Most of them still bullish and use any dip to add more.
Nice strategy, but need to have dip pockets.
For those who have not so dip pockets, 1.1668 seems as the best buy opportunity, especially if FED tomorrow will be looking dovish.
Most of them still bullish and use any dip to add more.
Nice strategy, but need to have dip pockets.
For those who have not so dip pockets, 1.1668 seems as the best buy opportunity, especially if FED tomorrow will be looking dovish.
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As you can see I will not resist if 1.1728 fall and at 1.17 either, better ride with the market till the next support.
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