At the moment the pair is pulling back from the previous move down. It is being resisted as the 23.6 fibonacci retracement level and the 50 EMA. A break above would expose R1, the 38.2 Fibonacci level and the 100 EMA. Entry for a long position is limited as such to only 20-25 pips profit so risk/reward does not favor a long position. On the flipside a more favorable position opens up to the downside if the pivot point, 10/20 EMA’s and the rising trend line do not hold. A break below 1.1240 would open up a target for S1 at 1.11862.
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου