Important Areas
The resistance of the channel that was traced at the monthly level continues to be maintained.
A clear Elliot wave count is observed. Right now the pair would be on a corrective wave 4. The points on which the pair should rotate and, therefore, on which you can look for short entries are the resistances mentioned above.
Wait for rejection at one of these levels to start positioning.
- 1.0875 - Support that initiated what is so far a correction. It is given in an area where there were gaps.
1.12361 - First resistance
1.1354 - Second resistance
1.1486 - Third Resistance. If it breaks, we would start talking about a change of trend.
The resistance of the channel that was traced at the monthly level continues to be maintained.
A clear Elliot wave count is observed. Right now the pair would be on a corrective wave 4. The points on which the pair should rotate and, therefore, on which you can look for short entries are the resistances mentioned above.
Wait for rejection at one of these levels to start positioning.