In yesterday's analysis, I discussed about further bullish grind towards the 0.7795 resistance zone. In yesterday's session, price could weakness at 0.7777 zone showing some exhaustion sign. Currently remain neutral bias as there's no clear directional bias within a wide range, there are two scenarios that I am looking at
1. Re-test of 0.7740 support zone with further bullish continuation, with 0.7777 & 0.7795 resistance zones as targets
2. If we notice further bearish rotation violating 0.7740 support zone, we could expect short-term selling pressure towards 0.7670 minor support zone
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Re-test of 0.7740 support zone with further bullish continuation, with 0.7777 & 0.7795 resistance zones as targets
2. If we notice further bearish rotation violating 0.7740 support zone, we could expect short-term selling pressure towards 0.7670 minor support zone
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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