As we explained in the previous analysis, the
declines that occurred on the pair were mainly gradual declines in view of the
larger charts on the monthly as a corrective movement within the rising trend
which began about two years ago, trying to return to fair trading levels 1.3, which
fell from the impact of economic events and political successive, Stop each
buyback and hold positions from previous levels
Technically and on the 4 hour chart, the pair
moved in early trading from saturation levels which had a positive positive
effect on the RSI and successfully exceeded the 50-day average on its way to
breach the initial resistance at 1.13831 and the stability of the higher area
will push it to target the 1.14 areas The pair is targeting the first
profit-taking levels at 1.15009, where we can close one-third of the open
trades while the far targets are 1.19 and then 1.2 targets technically
accessible, albeit too long, and we could see a bearish correction before
achieving it
Trading Recommendation
Buy the pair (repurchase for those who actually
bought) from current levels
Take the first profit 1.15009
Take Second Profit
For long term investment we will not close the
deal before 1.2 levels
Follow my recommendations and
analysis via
My official website
Twitter
Facebook
0 Comments