Similar to USDJPY, bounce off TL into resistance at around 138.00
Bounce off the TL and support into resistance at 111.00
Resistance seems to be holding strong as price struggles to close above 1260.00 Potential to see price drop back down to 1226 You may want to wait for US open before entering this pair
As long as we stay below resistance price could easily drop back down towards 1.3270
As long as price stays below 111.65 we could see a break of support with potential to see a drop to 110.10 support area. A break of this will lead to a continuation of the downtrend. 1st TP - 110.50 (stops past breakeven) 2nd TP. 110.10 SL -- 111.65
If we stay above support at around 0.7600 we could see price hit 0.7670 Potential to reach 0.7750 again Entry - 0.7605 TP - 0.7670 SL - 0.7580
Possible consolidation area from the support at 0.6685 Next major resistance area is 0.7050
After successfully hitting 1.3285 we saw an immediate bounce off this area with price now touching the 1.3350 resistance area. If we see a rejection off this area we could see further downside below 1.3285
Price hit 140.00 overnight and has since dropped down back into the trendline. We could still see this pair fall below 138.50 with a final target of 137.60. We will need to break through the current support area at 139.20 though before re-entering short.
Price has now touched the trend line once again as well as resistance at the 139.20 area As long as price keeps below this area, we could be looking at a sell to 136.80 which would also be a new lower low.
Chart shown is self explanatory - only way this could fail is if we stay below 0.7660
Nice short for 50ish pips to 1.3285 Very tight stop of around 10pips 1:5 RR
Support and 3rd TL touch TP - 1.3410 resistance area SL - below support - 1.3350
Nice 1:2 risk reward ratio on this one Target - 111.65 with potential for a new lower low
Retest of support turned resistance after a breakout of consolidation If we do not see price re-enter the consolidation box, there could be further movement downwards towards 118.50
Clear rejection of resistance at 1.3200 (also psychological price point) Potential for price to reach 1.3000 If we see break this level we could very well see price touch 1.2850s