Target: 0.7800
Risk: 0.8215
Technical Reasons:
The recently dominant sideways range’s support line was broken, and attempts now to turn back to the major descending channel.
Negative pressure coming from the exponential moving average 50, with rise at the bears’ power indicator.
Breaking 0.8030 will confirm resuming the main bearish trend.
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www.facebook.com/fxhighwaycom/
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plus.google.com/1054...15961677289743/posts
Risk: 0.8215
Technical Reasons:
The recently dominant sideways range’s support line was broken, and attempts now to turn back to the major descending channel.
Negative pressure coming from the exponential moving average 50, with rise at the bears’ power indicator.
Breaking 0.8030 will confirm resuming the main bearish trend.
www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/
plus.google.com/1054...15961677289743/posts