Buy analysis
We can legitimize support at 1.36600 as presented.
Stop loss below support with 2 TP targets the first being 1.37200 which deems a strong pivot with second target at 1.37500 pending 1.37200 breaks.
MACD is finding strong support as presented which will lead to a signal cross to breach the 0 line. As mentioned in previous analysis this will give buyer momentum to brush RSI further out of the oversold zone.
Please comment with thoughts and ideas. Thank you.
Stop loss below support with 2 TP targets the first being 1.37200 which deems a strong pivot with second target at 1.37500 pending 1.37200 breaks.
MACD is finding strong support as presented which will lead to a signal cross to breach the 0 line. As mentioned in previous analysis this will give buyer momentum to brush RSI further out of the oversold zone.
Please comment with thoughts and ideas. Thank you.
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