Time 9:00 AM GMT


The Pair moves inside uptrend on the medium term and bounced up from level 118.67 which represent as horizontal support level on the medium term after formed a new bottom around it to correct before continuing the uptrend and will target levels 120.01 and 121.17 as first targets inside the uptrend and the RSI indicator shows by moving around  level 50 the increasing of the probability of continuing the uptrend and the stochastic oscillator shows by bouncing up from level 20 the oversold area  increasing the probability of bouncing up around the current levels and continuing the uptrend

Resistance levels

120.01, 121.17, 122.22, 123.35

Support levels       

118.67, 117.77, 115.84, 112.33


Leave a Comment