We saw price blast through the 1.3200 level on the 26th of February (last week Tuesday) and retest that level from above on Friday, dipping as low as 1.3160 before the buyers stepped in again.
Now Friday's candle is hardly "bullish" by any measure, but 1.3200 held on the close.
I strongly suspect 1.3200 will be tested again early this week, and should price bounce on the 4-hour or daily chart, I believe this would present a good long opportunity. I have an extended target of 1.3600 for this pair should we get the bounce.
Now Friday's candle is hardly "bullish" by any measure, but 1.3200 held on the close.
I strongly suspect 1.3200 will be tested again early this week, and should price bounce on the 4-hour or daily chart, I believe this would present a good long opportunity. I have an extended target of 1.3600 for this pair should we get the bounce.