Even it's movements seemed to be chaotic, this currency pair is keen to go as much as 0.9955 (127.2 of the Fibonacci extension measured on the upside move 0.96875 - 0.87011) for two reasons, as follows:
1. It's situated in the upside bias, because the price remained over the 0.9395 pivot level.
2. Broke the superior side of the confirmation range of 0.9395 - 0.9599
Money management:
S/L will be placed on the nearest pivot level - on the 0.9395 level.
1. It's situated in the upside bias, because the price remained over the 0.9395 pivot level.
2. Broke the superior side of the confirmation range of 0.9395 - 0.9599
Money management:
S/L will be placed on the nearest pivot level - on the 0.9395 level.