Pivot point: 1.5024.
Trading recommendations:
According to previous events, the price has still been trapped between 23.6% of Fibonacci retracement and 00% of Fibonacci retracement.
Long buying:
Buy above 1.4945 with a first target of 1.5075, it might resume to 1.5131.
Short selling:
Outlook -1-: Swing trade at 1.4925 in order to sell with a traget of 1.4850.
Outlook -2-: Below 1.5167 look for further downside with 1.5134 and 1.5025 targets.
Intraday technical levels:
Projected High: 1.5280
Breakout (Buy Stop): 1.5225
Strong Resistance (Sell Limit): 1.5195
Current Pivot: 1.5024
Strong Support (Buy Limit): 1.4853
Breakout (Sell Stop): 1.4828
Projected Low: 1.4778
Observations:
Stop Loss should never exceed your maximum exposure amounts.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.