Having made a successful break and close above the daily consolidation phase, Euro bulls are slowly but surely flocking in the market. 1.17971 was hit to the T marking its significance as a key level of resistance to keep an eye on. In order for the long bias to be valid, a break and close above this resistance zone is of utmost importance. Latent buying pressure still exists at 1.15970 area which should also be considered in the event price rallies down to this support region.
Comment:
Heavy bearish momentum after price tapped 1.17971 yet again and rejected it. No confirms for buys since price obliterated the 1.17101 area of interest.
Heavy bearish momentum after price tapped 1.17971 yet again and rejected it. No confirms for buys since price obliterated the 1.17101 area of interest.
Order cancelled
1.17101 should be a suitable area for buy limits upon confirms obviously.