Pair is currently trading in channel between 9000 and 8750.
9000 is quite psychological level and it is creating support/resistance combined with 50% Fibonacci retracement and GAP on daily from 2016 support/resistance are is very solid.
It is clearly visible that Market is respecting this area. I marked important pull-backs with circles.
My TP area is set just before 8500.
9000 is quite psychological level and it is creating support/resistance combined with 50% Fibonacci retracement and GAP on daily from 2016 support/resistance are is very solid.
It is clearly visible that Market is respecting this area. I marked important pull-backs with circles.
My TP area is set just before 8500.
