Hello Traders,
I expect the price to touch at least the channel support area around 1.2970 - 1.2945. After Friday's drop price has retraced near 78.6 fib level of last high and low. This area also confluence of trend line resistance. I believe selling this pair around 1.3140 targeting the channel support around 1.2970.
Good Luck!
Daily Chart:
I expect the price to touch at least the channel support area around 1.2970 - 1.2945. After Friday's drop price has retraced near 78.6 fib level of last high and low. This area also confluence of trend line resistance. I believe selling this pair around 1.3140 targeting the channel support around 1.2970.
Good Luck!
Daily Chart: