Weekly analyse with next major resistance level.
Yearly Pivot R2 coincides perfectly with the 127 extension
of formed Butterfly. A zone between 50 % fib at 1.1235
and 1.13 is the next major weekly resistance level.
However on a Monthly tf price is extended as it now
stands close to Monthly R3. A long consolidation period
though has built up alot of energy which has to be
taken into account for upward potential.
of formed Butterfly. A zone between 50 % fib at 1.1235
and 1.13 is the next major weekly resistance level.
However on a Monthly tf price is extended as it now
stands close to Monthly R3. A long consolidation period
though has built up alot of energy which has to be
taken into account for upward potential.