The pair is at a previous support turned resistance supply level. Already one failed attempt mid-2012.
Channel resistance on weekly and in the neighbourhood of the 61.8% retracement on the monthly
Then there's that shooting star on the Daily
Dunno whether we'll see 1.55, ideal place to short so looking on smaller time-frames for possibilities... targeting 1.50, perhaps bottom of channel at 1.48
Channel resistance on weekly and in the neighbourhood of the 61.8% retracement on the monthly
Then there's that shooting star on the Daily
Dunno whether we'll see 1.55, ideal place to short so looking on smaller time-frames for possibilities... targeting 1.50, perhaps bottom of channel at 1.48
