Down trend is continue
The rise from 0.9925 has completed and this point has transferred to be the resistance. In the big picture, the butterfly patterns is forming that intrady bias is back on the downside for 0.9885-0.9900 key support level. Break will carry larger bearish implication, the further decline should be seen to the retracement 78.6% from 0.9715 to 1.0125 at 0.9820. On the upside, though, break of 0.9950 minor resistance will turn bias back to the upside for retesting 0.9970 instead. It'll turn focus back to 1.0000 next.
The target is 0.9820.
Turning point: 0.9950.
Under 0.9950, bearish , target price is set at 0.9885, then 0.9820.
Above 0.9950, bullish , target price is 0.9970 and 1.0000 next.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior strategy:
The target is 0.9820.
Turning point: 0.9950.
Under 0.9950, bearish , target price is set at 0.9885, then 0.9820.
Above 0.9950, bullish , target price is 0.9970 and 1.0000 next.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior strategy:
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