Price has broken past resistance now acting as new support. With the large extension last week of price towards 1.2150 area I expect a retrace wave.
Expect a pullback towards 1.2000. From there we can reevaluate to see if price can possibly extend further towards 1.2200 - 1.2300 or reenter consolidation zone under 1.2000
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Expect a pullback towards 1.2000. From there we can reevaluate to see if price can possibly extend further towards 1.2200 - 1.2300 or reenter consolidation zone under 1.2000
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
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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.