In this daily graph we see how from the floor formed during the week after Brexit in October of 2016, until the middle of January of 2017, that returned to reach that minimum forming a historical support (because of it is the minimum value reached in this currency pair), an uptrend began, which throughout this year has been perfectly respected.

And it is in this last month when more has been put to the test:
First drilling this line to lean slightly lower in another important support, and which during 6 months, was the maximum reached since the exit of the Eurozone, exercising as the most important resistance until April this year.

Then leaning on this support (1.27780) was drilled strongly that trend line, but this week the minimum quotation of each day have been touching the same line, but respecting it to finish closing above.
Therefore the forecast would be to enter when it touched again, with a profit target of 1.5%.


Entry order 1.28870 with target at 1.30750; stop loss 1.28550






Good trading
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