These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
With price breaking above the 84.87 resistance figure mentioned in yesterday's technical outlook further upside is now open and the bias has changed to slightly bullish. If price can sustain above 84.87 higher pricing can be expected although the swift intraday reversal the 85.49 high may pose as a road block on further upside. A sustained break above the latter figure will be required to trigger an extension.
Key support is now at 84.35.
As price remains above this support buying opportunities will be preferred.
I hope this provides directional clarity on this pair.
Enjoy!
Good evening traders!
With price breaking above the 84.87 resistance figure mentioned in yesterday's technical outlook further upside is now open and the bias has changed to slightly bullish. If price can sustain above 84.87 higher pricing can be expected although the swift intraday reversal the 85.49 high may pose as a road block on further upside. A sustained break above the latter figure will be required to trigger an extension.
Key support is now at 84.35.
As price remains above this support buying opportunities will be preferred.
I hope this provides directional clarity on this pair.
Enjoy!
