Quick idea.
Yesterday, after failing to stay above the 0.9763 territory, the pair shifted back down below the 200 EMA on the 4-hour chart. For now, we will remain neutral and wait for a break through one of our support or resistance levels. If the rate falls below the 0.9678 hurdle, this may clear the path to the lower side of a potential range. But if the 0.9763 barrier gets broken, this would confirm a forthcoming higher high and more buyers could join in.
Please see the chart for details.
Don't forget your stop-loss.
Yesterday, after failing to stay above the 0.9763 territory, the pair shifted back down below the 200 EMA on the 4-hour chart. For now, we will remain neutral and wait for a break through one of our support or resistance levels. If the rate falls below the 0.9678 hurdle, this may clear the path to the lower side of a potential range. But if the 0.9763 barrier gets broken, this would confirm a forthcoming higher high and more buyers could join in.
Please see the chart for details.
Don't forget your stop-loss.
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