Has been consolidating in a narrow range between 1.1160-1.1200, Resistance @1.1220>could rally t o1.1300 initially
The daily RSI has been recovering and the oscillator turned bullish.
We FORECAST a limited down approach, as 200MA (Weekly) @1.1130 and 50MA (Monthly)@1.1090.
View: As long 1.1090 held on a closing basis, watch out for a decent rally for 1.1300 and 1.1380
The daily RSI has been recovering and the oscillator turned bullish.
We FORECAST a limited down approach, as 200MA (Weekly) @1.1130 and 50MA (Monthly)@1.1090.
View: As long 1.1090 held on a closing basis, watch out for a decent rally for 1.1300 and 1.1380