RESUME & VIEW – THE PAIR IS NOT SHOWING ENOUGH STRENGHT AFTER THE EMERGE ABOVE 1.3430 RESISTANCE, BUT STARTED MOVING IN VERY TIGHT RANGE BETWEEN 1.3450-1.3570.

FOR THE PAIR TO CONTINUE MOVING UP IT WILL NEED TO GATHER MOMENTUM ABOVE 1.3570 LOCAL RESISTANCE NEXT WEEK.

IF THE PAIR CANNOT EMERGE ABOVE 1.3570 RESISTANCE NEXT WEEK IT WILL START DROPPING FAST FOR AND IMMEDIATE TEST OF 1.3250 SUPPORT.

RESISTANCES:

Minor – 1.3570 | 1.3850 | 1.4000

Moderate – 1.3700

Strong –

PIVOT POINT – 1.3425

SUPPORTS:

Minor – 1.3430

Moderate – 1.3250 | 1.3100

Strong – 

Situation Chart:

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By Mihail Mihaylov

Independent Capital Markets Trader / Equity Research Analyst. Swing to Long term.

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