Technical Analysis (TA)
Weekly Chart is showing early signs of a reversal with the momentum indicators and there is a high probability of a relief rally to 1.24 to 1.28.
The daily chart is showing signs of a continuation play with a breakout entry above 1.227 The momentum are holding the trendline and do not look overbought.
Price Target
Entry: 1.227
Target 1: 1.2 (1.25%)
Target 2: 1.285 (+4.35%)
Weekly Chart is showing early signs of a reversal with the momentum indicators and there is a high probability of a relief rally to 1.24 to 1.28.
The daily chart is showing signs of a continuation play with a breakout entry above 1.227 The momentum are holding the trendline and do not look overbought.
Price Target
Entry: 1.227
Target 1: 1.2 (1.25%)
Target 2: 1.285 (+4.35%)
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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.