Fib drawn from december lows suggest this pair is still quite bullish, along with the 50 & 20 eras acting as near term support down at the previous weekly resistance level 1182.85 with also a significant hammer bouncing of the 38.2 retracement level.
i will be taking a long position once the long term trend line and Monthly resistance is taken violated and becomes support.
as you know we don't only look for trade setups with one bias in mind..
this pair is also at a crucial level as we are approaching the 61.8 retracemnet / 200 ema from previous highs i don't see what i want for longs ill be re analysing within the week for possible short outlooks
enjoy.
i will be taking a long position once the long term trend line and Monthly resistance is taken violated and becomes support.
as you know we don't only look for trade setups with one bias in mind..
this pair is also at a crucial level as we are approaching the 61.8 retracemnet / 200 ema from previous highs i don't see what i want for longs ill be re analysing within the week for possible short outlooks
enjoy.