Technically Speaking
After breaking through the upper trendline, the cross is holding it nicely on a re-test.
The first bit of major resistance I see is near 1.40, over 600 pips away.
What to do?
The major risk factors are both the Canadian and American payroll reports tomorrow at 7:30 CST. I would hold off taking a position until then.
Unless a hard break back under the trend-line occurs, I will be looking to buy dips in this cross. If bullish momentum is coming into this pair, it could have a long way to go on the upside.
After breaking through the upper trendline, the cross is holding it nicely on a re-test.
The first bit of major resistance I see is near 1.40, over 600 pips away.
What to do?
The major risk factors are both the Canadian and American payroll reports tomorrow at 7:30 CST. I would hold off taking a position until then.
Unless a hard break back under the trend-line occurs, I will be looking to buy dips in this cross. If bullish momentum is coming into this pair, it could have a long way to go on the upside.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.