Weekly technical levels
Overview:
Projected High: 1.5886
Breakout (Buy Stop): 1.5831
Strong Resistance (Sell Limit): 1.5801
Current Pivot: 1.5347
Strong Support (Buy Limit): 1.4892
Breakout (Sell Stop): 1.4867
Projected Low: 1.4817
Weekly Trading Recommendations:
According to previous events, the price has still been trapped between 1.5785 and 1.5307.
Long Buying:
Buy above 1.5430 with a first target of 1.5520, it might resume to 1.5610.
Short Selling:
Outlook -1-: Swing trade at 1.5690 in order to sell with a traget of 1.5620. Outlook -2-: Below 1.5420 look for further downside with 1.5365 and 1.5310 targets.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.