RESUME & VIEW – THE PAIR IS LOCKED MOVING IN RANGE BETWEEN 0.9000-0.9800. AS SEEN FROM THE CHART BELOW THERE APPEARED A H&S PROJECTION, WHICH IS STILL FORMING. A WEEKLY CLOSE BELOW 0.9000 STRONG SUPPORT IS NEEDED FOR COMPLETION OF THE PROJECTION. THE PAIR IS LIKELY TO CONTINUE MOVING INSIDE THE RANGE MENTIONED ABOVE.

RESISTANCES:

Minor – 1.0650

Moderate – 0.9850

Strong – 1.0000

PIVOT POINT – 0.9380

SUPPORTS:

Minor – 0.9125

Moderate – 0.8900-0.9000 | 0.8600

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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