The Next Move
I'll keep this short and sweet and if you need to know how we got here then please refer to my previous posts.
From here I'm expecting a small retracement back to support before we hit our target area of 1.0920-1.0940.
So far this has been an impressive bullish run so far and the way it reversed makes me think there is a fair chance it will surpass 1.10 and hit our second target 1.12 - 1.15.
Just keep in mind that our target area of 1.0920-1.0940 is also a very strong resistance level. It will take all its got to get passed 1.10 but we will see. At this level I will be a seller until we break above 1.10.
Good luck.
From here I'm expecting a small retracement back to support before we hit our target area of 1.0920-1.0940.
So far this has been an impressive bullish run so far and the way it reversed makes me think there is a fair chance it will surpass 1.10 and hit our second target 1.12 - 1.15.
Just keep in mind that our target area of 1.0920-1.0940 is also a very strong resistance level. It will take all its got to get passed 1.10 but we will see. At this level I will be a seller until we break above 1.10.
Good luck.
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