On the daily timeframe, the price is in a pennant and is looking to break out. The target is at 112.019, however there is resistance at 110.966.
A similar situation can be found on the 1hr timeframe. Currently price has found support at the Fibonacci golden ratio between 109.844 and 109.750.
A similar situation can be found on the 1hr timeframe. Currently price has found support at the Fibonacci golden ratio between 109.844 and 109.750.
Trade closed: target reached:
Exactly as predicted.