H1 CHART
The market is approaching the resistance at 1.20463 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.21200 level.
Support & Resistances
1.20225 1.20463
1.20085 1.21200
1.19847 1.21276
H4 CHART
The market is approaching the resistance at 1.20494 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.20808 level.
Support & Resistances
1.20225 1.20494
1.20066 1.20808
1.19797 1.21487
DAILY CHART
A medium probability, entry signal to go SHORT was given at 1.20773 after the market found resistance at 1.21722 . Only the upward break of 1.21722 would cancel the bearish scenario.
Support & Resistances
1.20527 1.21887
1.19190 1.23485
1.18237 1.24438
WEEKLY CHART
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
The market is approaching the resistance at 1.20463 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.21200 level.
Support & Resistances
1.20225 1.20463
1.20085 1.21200
1.19847 1.21276
H4 CHART
The market is approaching the resistance at 1.20494 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.20808 level.
Support & Resistances
1.20225 1.20494
1.20066 1.20808
1.19797 1.21487
DAILY CHART
A medium probability, entry signal to go SHORT was given at 1.20773 after the market found resistance at 1.21722 . Only the upward break of 1.21722 would cancel the bearish scenario.
Support & Resistances
1.20527 1.21887
1.19190 1.23485
1.18237 1.24438
WEEKLY CHART
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
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