Price formed resistance at around 1.31455
Smaller time frames [1h] tested multiple times
Target 1.31108
Smaller time frames [1h] tested multiple times
Target 1.31108
Note
Price closed below 1.30086as long as price remains below support
Bearish continued momentum
Note
see if candle closes if remains below 1.30086 Bearish move still in play.
NOTE*** USD TURKEY DAY HOLIDAY
Note
IF PRICES REMAIN BELOW AND HOLDS1.300 BULLISH MOVEMENT
Trade closed: target reached
Price momentum was quite bearish.Possible pull back for further confirmation of Bear movement
Note Stimulus to bring USD to weaken
Note: Seasonal flow short term USD strength for a pull back and retest resistance.
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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.