In yesterday's forecast, I discussed about the possibility of 1.3540 support being breached during the Asia session with 1.3479 as the target, which is exactly what the market performed. Wait for a clear reaction at 1.3479 zone to determine our short-term directional bias. Currently will be looking for short-term buying opportunities if 1.3479 is rejected, however, do be aware that price could pullback as far towards 1.3438, use 1.3438 - 1.3479 as zones rather than levels. If the bullish setup works, will be identifying the strength & momentum of buyers to determine our targets as 1.3540 is now a key resistance to watch out, 1.3627 & 1.37 will be the further targets. Do not forget the overall trend on the higher timeframe remains bullish, stay neutral.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast & educational content.
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