Last week saw the single currency rallied as we expected. we close our long position at 1.3050 due to weekend. Base on price action on friday's trading session, we have immediate support at 1.3000 followed by 1.2970 area. Provided no daily close below the support area, we are to search for long entry around the area.
On the upside,immediate resistance is at 1.3060, clear break above the area will keep the bullish move intact till 1.3150 area before the next objective movement.(Bullish continuation or Bearish reversal) till then.
Safe trade and remember to apply a sound portfolio management .
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On the upside,immediate resistance is at 1.3060, clear break above the area will keep the bullish move intact till 1.3150 area before the next objective movement.(Bullish continuation or Bearish reversal) till then.
Safe trade and remember to apply a sound portfolio management .
Visit us on daily basis for the daily Trading updates.
Don't hesitate to use the comments box to err your view.
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