Omar_Baali

Omar_Baali

Based on this analysis the price would reflect up and continue its uptrend after touching the bottom of the channel, we can also notice two pin bars that have been formed that confirm the resistance line.

Omar_Baali

A continuous uptrend is expected after a short pullback, if the pullback closes above the previous lower high, and bullish movement is expected to continue but we need to take into consideration the ISM Manufacturing PMI data which ll release on Monday and could cause an extreme volatility for all USD pairs. Happy trading!

Omar_Baali

Based on the analysis the price will continue the uptrend and the direction will be challenged by a strong resistance at 1.1835 level. i would recommend using small volume as an important fundamental is expected to be release on Monday - ISM Manufacturing PMI and this could have an impact on the movement.

Omar_Baali

The pair is expected to go short if we consider the high resistance occurring at the 0.61 FB level and the price is expected to face a strong resistance at the 0.89316 support level.