Hello traders!
As expected, high impact news on Thursday really affected this pair.
The price of this pair has reached support zone. Thus, these are my expectations:
a) If the price breaks 131.72, there will be a strong momentum and it will try to reach a new support around 129.513.
b) retracement is likely to happen. the price will try to reach 132.866 before making a strong bearish trend to the price 129.513.
Technique: Support and Resistance , Bollinger band and Moving Average indicators
Author: S.I.D. Safiq
As expected, high impact news on Thursday really affected this pair.
The price of this pair has reached support zone. Thus, these are my expectations:
a) If the price breaks 131.72, there will be a strong momentum and it will try to reach a new support around 129.513.
b) retracement is likely to happen. the price will try to reach 132.866 before making a strong bearish trend to the price 129.513.
Technique: Support and Resistance , Bollinger band and Moving Average indicators
Author: S.I.D. Safiq
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.