Implications and Outlook
1. Retest momentum held steady to higher at significant Mean Support 109.550 print on June 19.
2. Price action is continually confirming the value of the intermediate-term bullishness by crossing Key Resistance of 111.050 and approaching inner Currency Rally of 111.500.
3. The violation of the intermediate-term Key Resistance 111.050 will undoubtedly bring severe bullish implications, having upside long to medium-term target - of Currency Rally of 112.770, with downside risk at Mean Support 110.440.
4. Current Currency Strategy Bias: Bullish 80 / Bearish 20
1. Retest momentum held steady to higher at significant Mean Support 109.550 print on June 19.
2. Price action is continually confirming the value of the intermediate-term bullishness by crossing Key Resistance of 111.050 and approaching inner Currency Rally of 111.500.
3. The violation of the intermediate-term Key Resistance 111.050 will undoubtedly bring severe bullish implications, having upside long to medium-term target - of Currency Rally of 112.770, with downside risk at Mean Support 110.440.
4. Current Currency Strategy Bias: Bullish 80 / Bearish 20