2017-05-03:
Price action currently siting on a previous 50% level. Having broken the previous structure low and closed below, this price action has broken the SMA50 and Upper Trend line, and is heading south. On a short term retracement.
Assuming continuation of Bearish move, the next target should be 1.0766 at previous structure Resistance. A move of around 30 pips.
Price action currently siting on a previous 50% level. Having broken the previous structure low and closed below, this price action has broken the SMA50 and Upper Trend line, and is heading south. On a short term retracement.
Assuming continuation of Bearish move, the next target should be 1.0766 at previous structure Resistance. A move of around 30 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.