Pivot: 1.3400
Preference: long positions above 1.3400 with targets at 1.3800 & 1.3955 in extension.
Alternative scenario: below 1.3400 look for further downside with 1.3200 & 1.3000 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4100 **
1.3955 **
1.3800 ***
1.3537 Last
1.3400 ***
1.3200 ***
1.3000 ***
Preference: long positions above 1.3400 with targets at 1.3800 & 1.3955 in extension.
Alternative scenario: below 1.3400 look for further downside with 1.3200 & 1.3000 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4100 **
1.3955 **
1.3800 ***
1.3537 Last
1.3400 ***
1.3200 ***
1.3000 ***
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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.