Our purple line we have drawn on our chart is a VERY strong monthly and weekly support level in fact it is so strong we are wondering if it broke into a steroid factory and swallowed all the pills, if you don't believe me then open the chart and take a look for yourself... but of course you would do that anyway and not blindly follow a strangers say so wouldn't you ;p
Anyway enough of the gym talk... we are looking to see what price does at market open before we take a position on this pairing but we are looking for a possible touch and bounce off this level before a bullish run, we do have to be cautious though as the last couple of weeks price has been on a downward spiral bear run possibly caused by the s#it UK government who couldn't organise a good old p#ss up in a brewery or a fight at the boxing, And that is saying something as us Brits love a good drink and a scrap ;p
So keep your eyes open for a test of this level or possibly we might action a buy trade for our clients tonight depending on where markets open.
Anyway enough of the gym talk... we are looking to see what price does at market open before we take a position on this pairing but we are looking for a possible touch and bounce off this level before a bullish run, we do have to be cautious though as the last couple of weeks price has been on a downward spiral bear run possibly caused by the s#it UK government who couldn't organise a good old p#ss up in a brewery or a fight at the boxing, And that is saying something as us Brits love a good drink and a scrap ;p
So keep your eyes open for a test of this level or possibly we might action a buy trade for our clients tonight depending on where markets open.