MARKET ANALYSIS: The pair is now trading after a fib 50% retracement level. Once the market breaks the resistance level near 118.00 we can expect a new high to the next possible resistance at the 120.30 level. So lets wait and see if the market could break the resistance and head north. Cheers!
Trade active
Market reached the next support at the fib level 61.8 so still chances are there to reach the uptrend targets. So lets wait and see what the market does in the coming days. Cheers!
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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.