We are currently on a downtrend on the daily
forming lower highs and lower lows.
If price breaks our trend line, our next anticipated
target could be around the 0.86000 area.
We are also anticipating price to break
the current channel acting as support and
resistance. This is due to price previously
hitting the points 3 times. Will have to be patient
in which way price will go. We are biased with
bullish movement as it looks as if we are on
a retracement of a uptrend on the weekly.
forming lower highs and lower lows.
If price breaks our trend line, our next anticipated
target could be around the 0.86000 area.
We are also anticipating price to break
the current channel acting as support and
resistance. This is due to price previously
hitting the points 3 times. Will have to be patient
in which way price will go. We are biased with
bullish movement as it looks as if we are on
a retracement of a uptrend on the weekly.
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