Currently the market is at key level 107.927(@PL), therefore a 20-25 pip pullback to the downside can be expected before the real upward trend begins.
T1 trendline provides short term support in the line with the double bottom formation.
In conclusion, the overall long-term position of this pair remains bullish,
Trade set-up
Entry : 107.622
S/L: 108.419
TP 1: 108.217 (@ EMA,50)
TP 2: 108.459 (@ EMA,200)
T1 trendline provides short term support in the line with the double bottom formation.
In conclusion, the overall long-term position of this pair remains bullish,
Trade set-up
Entry : 107.622
S/L: 108.419
TP 1: 108.217 (@ EMA,50)
TP 2: 108.459 (@ EMA,200)