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General:
The pair is in a main up trend but from the weekly chart i suppose that the main trend has some weakness, for this reason i expect a retracement.
Expected rate of the pair for 2n of January : 1.3098
Support: 1.2429
Resistance: 1.3098
On the weekly chart:
On the weekly chart i pointed out the support and resistence levels and also the 2 last candelsticks which, i suppose, may be a signal of a weak market.
On the daily chart:
On the daily chart, for the reasons i described below, i used f…
The pair is in a main up trend but from the weekly chart i suppose that the main trend has some weakness, for this reason i expect a retracement.
Expected rate of the pair for 2n of January : 1.3098
Support: 1.2429
Resistance: 1.3098
On the weekly chart:
On the weekly chart i pointed out the support and resistence levels and also the 2 last candelsticks which, i suppose, may be a signal of a weak market.
On the daily chart:
On the daily chart, for the reasons i described below, i used f…