There is not much to say as i outlined the key short term levels to trade among on chart. I believe the price may consolidate in a sideways bias among key two levels 1.3100 and 1.3300.
I think the price has gone extremely oversold in the short term, and thus selling rallies and buying dips is my favored approach for now, but taking into consideration that a break below 1.3100 may negate this bias and signal more downside delaying any consolidation.
The closest resistance is at 1.3160, then 1.3220 and finally 1.3300 main resistance.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
I think the price has gone extremely oversold in the short term, and thus selling rallies and buying dips is my favored approach for now, but taking into consideration that a break below 1.3100 may negate this bias and signal more downside delaying any consolidation.
The closest resistance is at 1.3160, then 1.3220 and finally 1.3300 main resistance.
Best of Luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
