On a weekly graph price is in a triangle and a failure of the bearish continuation is in place,
in case of breaking through 1.1400 resistance area, the price will continue it's movement towards 1.2200 Resistance area.
On a Daily Chart
two bullish days with a test of resistance can be signaling another retest and a drop - where confirmation is needed, but without confirmation it's a buy signal with a short stop below 1.1050 support area, and a 1st target at 1.1500 Resistance area.
video link: youtube.com/watch?v=o215zDUj86Q
in case of breaking through 1.1400 resistance area, the price will continue it's movement towards 1.2200 Resistance area.
On a Daily Chart
two bullish days with a test of resistance can be signaling another retest and a drop - where confirmation is needed, but without confirmation it's a buy signal with a short stop below 1.1050 support area, and a 1st target at 1.1500 Resistance area.
video link: youtube.com/watch?v=o215zDUj86Q
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.
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.