The single currency started its bearish correctional journey last week at 1.3130 area due to overbought condition on the Daily TF and trade through 1.3010 on friday's trading session.immediate resistance lies at 1.3050/60 area,any daily close above the area will mark the end of the bearish correction and keep the bullish trend retesting 1.3130/70 area or above.but if any sell signal issued around the area and daily close below 1.3000 support will extend the bearish correction towards
1.2900-2850 area before the next objective movement, whether continuation or a reversal. untill then.we are to monitor the price action towards the 1.3000 handle and 1.3050 area for the further movement on the pair. Good luck & happy pips.
Remember to apply sound portfolio management.
1.2900-2850 area before the next objective movement, whether continuation or a reversal. untill then.we are to monitor the price action towards the 1.3000 handle and 1.3050 area for the further movement on the pair. Good luck & happy pips.
Remember to apply sound portfolio management.
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