Bullish Indicators:
1) HH HL
2) Support zone at 1.05491 Fib level 50.00%
3) Uptrend/Ascending channel
Bearish Indicators:
1) Resistance zone at 1.06132 Fib level 61.80%
2) Breaking of lower trendline
Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%.
Plan B: One can take a short position on the breaking of lower trendline for the target of 1.04854.
1) HH HL
2) Support zone at 1.05491 Fib level 50.00%
3) Uptrend/Ascending channel
Bearish Indicators:
1) Resistance zone at 1.06132 Fib level 61.80%
2) Breaking of lower trendline
Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%.
Plan B: One can take a short position on the breaking of lower trendline for the target of 1.04854.
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Penafian
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