Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Price is still in a tight range between 82.00 and 83.50 and despite of that, sentiment is still bullish and upward pressure on this pair is very big. Price has finally made a low at 80.23 and now is trading blow 83.00 level.
We have got a daily symmetrical triangle which you can see in the chart below:
And I expect a break of the upper bond will occur soon and price could sharply go up and reach around 89.00 level in the next weeks. 83.00 is a short term resistant now and also after break of this level watch important 84.50 as the next resistant level.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Latest posts by admin (see all)
- Using Simple Moving Averages to clarify the Forex Market - November 13, 2017
- The Huge Benefits of Being a Scalper - November 6, 2017
- The ADX Methodology for Analysis, the Strengths and Values - November 4, 2017
Winner’s Edge Trading, as seen on: