The long zone starts at the 113.30 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 113.85, 114.26 and the 114.65 levels.
The short zone starts at the 112.65 level. In this case he potential targets can be the larger bid levels of Institutional Holders. These are the 112.35, 112.02 and the 111.50 levels.
Since the price is in the long zone now (113.53), the first target is the 113.85 level.
Macro data(s):
USD Unemployment Claims macro data is being published at GTM 13:30. Its bigger movement may affect the analysis.
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The short zone starts at the 112.65 level. In this case he potential targets can be the larger bid levels of Institutional Holders. These are the 112.35, 112.02 and the 111.50 levels.
Since the price is in the long zone now (113.53), the first target is the 113.85 level.
Macro data(s):
USD Unemployment Claims macro data is being published at GTM 13:30. Its bigger movement may affect the analysis.
If you like the analysis, and you would like to see our forecasts among the first, you give me a follow.
If you're already following, thanks for the support.
Follow Smart Money
Twitter: @FXSmartMoney
Comment:
The price reached the 1st and 2nd OFFER levels.
Comment:
The price reached the 1st, 2nd and 3rd BID levels.