Potential long setup towards the 1.21 handle,
a gravestone doji proved to be a strong support few days back at 1.184 area in high volume conditions which indicates there are plenty of buyers below.
a trade above 1.19955 -1.12 (61.8%), will signify up to 1.209 - 1.21 (100%) in view of FOMC statement release tomorrow.
key selling levels : 1.191 , 1.198 & 1.200
key buying levels : 1.180 , 1.185 & 1.200
1.2 , a psychological level , will be a struggle to overcome for both buyers and sellers, and we might take quite a bit of time to come up with a final direction but I am bullish on this pair, taking into consideration that the overall trend is still bullish as long as 1.1662 is not broken.
Buying targets : 1.21 , 1.2135 , 1.2165
selling targets : 1.185 , 1.18 , 1.1774
a gravestone doji proved to be a strong support few days back at 1.184 area in high volume conditions which indicates there are plenty of buyers below.
a trade above 1.19955 -1.12 (61.8%), will signify up to 1.209 - 1.21 (100%) in view of FOMC statement release tomorrow.
key selling levels : 1.191 , 1.198 & 1.200
key buying levels : 1.180 , 1.185 & 1.200
1.2 , a psychological level , will be a struggle to overcome for both buyers and sellers, and we might take quite a bit of time to come up with a final direction but I am bullish on this pair, taking into consideration that the overall trend is still bullish as long as 1.1662 is not broken.
Buying targets : 1.21 , 1.2135 , 1.2165
selling targets : 1.185 , 1.18 , 1.1774
Comment:
1.203 now in range