4H / 1D
Friday, 8-11-17
Trend @ Closing: Bearish @ 109.128 / 109.228
Range: 108.74 to 109.40
110.6 Resistance holds, outlook maintains Bearish trend.
Holds @ 109.85 & below, may expect further decline to 108.8
Break of 108.8 may signal decline to 107.75 in longer term.
Short term Bearish target more likely @ 108.10
Bullish trend to watch:
At bottom of Bearish range, expect pull back to Bullish trend, possible to 110.00
Break of 110.92 may signal Bullish to 112.60 in longer term.
R3 110.92 R2 110.56 R1 107.99
S1 108.88 S2 108.47 S3 107.99
Personal analysis only. Please use your own rules and strategies prior to entering market.
Friday, 8-11-17
Trend @ Closing: Bearish @ 109.128 / 109.228
Range: 108.74 to 109.40
110.6 Resistance holds, outlook maintains Bearish trend.
Holds @ 109.85 & below, may expect further decline to 108.8
Break of 108.8 may signal decline to 107.75 in longer term.
Short term Bearish target more likely @ 108.10
Bullish trend to watch:
At bottom of Bearish range, expect pull back to Bullish trend, possible to 110.00
Break of 110.92 may signal Bullish to 112.60 in longer term.
R3 110.92 R2 110.56 R1 107.99
S1 108.88 S2 108.47 S3 107.99
Personal analysis only. Please use your own rules and strategies prior to entering market.