RESUME & VIEW – THE PAIR IS STILL TRYING TO USE THE 200SMA AND THE SUPPORTIVE TRENDLINE FOR RECOVERING ABOVE 1.0200.

TO BE ABLE TO CONTINUE THE RECOVERING PROCESS THE PAIR MUST NOT DEEP BELOW 1.0250.

EMERGING ABOVE 1.0400 WILL SCARY THE SELLERS, WHICH WOULD LEAD TO A TEST OF 1.0600 STRONG RESISTANCE AGAIN.

RESISTANCES:

Minor – 1.0350 | 1.0470

Moderate – 1.0550

Strong – 

PIVOT POINT – 1.0300

SUPPORTS:

Minor – 1.0250

Moderate – 1.0200 | 1.0000

Strong – 1.0150

Situation Chart:

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By Mihail Mihaylov

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

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