Yesterday's short-term technical outlook:
With the initial institutional resistance at 84.65 failing to hold we are seeing an easing in selling pressure. This could signal a revival of the longer term uptrend on this pair.
Next key institutional resistance is at 84.92. If this figure also fails to keep the upside in check we could see a decent revival and further upside on this pair.
I hope this offers a directional bias on this pair!
Enjoy!
With the initial institutional resistance at 84.65 failing to hold we are seeing an easing in selling pressure. This could signal a revival of the longer term uptrend on this pair.
Next key institutional resistance is at 84.92. If this figure also fails to keep the upside in check we could see a decent revival and further upside on this pair.
I hope this offers a directional bias on this pair!
Enjoy!
