Channel Analysis
It's worth closing the 90 odd pip long from yesterday, I think. The XABCD shows a 0.618 from X-D.
As it's broken above the 0.9 area, it punched up through the resistance overnight, indicating equal support from the channel lines around or just below the 0.9. On the upside of it's 2 month long down channel. Yellen's etc notwithstanding, a sideways move on the cards likely.
If, as & when it should move up to the pushing towards 0.91 heavy resistance because of the combo of the fork & the channel line stretching back along from the 12/12/13
Not quite sure how this is going to pan out but there's a tradeable pull back somewhere there.
As it's broken above the 0.9 area, it punched up through the resistance overnight, indicating equal support from the channel lines around or just below the 0.9. On the upside of it's 2 month long down channel. Yellen's etc notwithstanding, a sideways move on the cards likely.
If, as & when it should move up to the pushing towards 0.91 heavy resistance because of the combo of the fork & the channel line stretching back along from the 12/12/13
Not quite sure how this is going to pan out but there's a tradeable pull back somewhere there.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.