The price reached the lower limit of the descending channel on the weekly chart and so bounced off. There are good chances that it moves further upwards to previous support or higher.
Commento:
Your thumbs up and comments are much needed and I am grateful to receive them.
Trade attivo:
The pair sketched a steep uptrend channel but it can move out of it easily to either of the sides.
Trade attivo:
The pair has 10 more pips to reach the 200SMA on the H4 chart. (1.0978) A reversal/retracement is expected.
Trade attivo:
The pair reached the 1.1000 area.
Trade attivo:
Friday brought bulls another 40-50 pips. :)
Trade chiuso: obiettivo raggiunto:
The price made a retracement to 1.09500 and now bulls have taken over once again.
