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General:
The pair seems to be in a downtrend and the price has met a support level around: 0.9000 which is also a retracement of the fibonacci level (38.20%).
Expected rate of the pair for 3rd of November : 0.8945
Resistence : around 0.9200
Support: around 0.9000 and 0.90614
On the weekly Chart:
On the weekly chart there is a downtred which is forming after a very long up trend ( from 2009). I think this downtred will be very long too. Nice chance to enter short in a long term position.
On t…
The pair seems to be in a downtrend and the price has met a support level around: 0.9000 which is also a retracement of the fibonacci level (38.20%).
Expected rate of the pair for 3rd of November : 0.8945
Resistence : around 0.9200
Support: around 0.9000 and 0.90614
On the weekly Chart:
On the weekly chart there is a downtred which is forming after a very long up trend ( from 2009). I think this downtred will be very long too. Nice chance to enter short in a long term position.
On t…