Marked on the chart you can see key support and resistance levels ( green lines ) and where price has touched these key levels ( purple arrows )
Yesterdays candle hit resistance level 0.99892 and retraced, todays candle has also nearly touched this level so we will be looking for price to close below 0.99892 today at market close to see if price is yet again going to respect this key level, Although we are currently short on this pairing with a tight SL as this falls into our rules and strategy.
We could see some support at 0.98935 but we can see downside movement to key support at 0.98496.
If you have any questions then we will be happy to answer them.
Yesterdays candle hit resistance level 0.99892 and retraced, todays candle has also nearly touched this level so we will be looking for price to close below 0.99892 today at market close to see if price is yet again going to respect this key level, Although we are currently short on this pairing with a tight SL as this falls into our rules and strategy.
We could see some support at 0.98935 but we can see downside movement to key support at 0.98496.
If you have any questions then we will be happy to answer them.