– Time = 4H
– Structure = Ranging
– Pattern = Rectangle chart
– Tendency = uptrend
– Last week the pair hit month high due to the European Central Bank NOT changing the interest rates.
– The price is ranging since 2nd April falsely Breaking The major Resistance 1.09837, but the market structure seems to be Uptrend with support created by the 3 retests.
Conclusion: In my personal views if the price hits the Resistance it would break and retest leading its way to the BULLISH
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Disclaimer:Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
– Structure = Ranging
– Pattern = Rectangle chart
– Tendency = uptrend
– Last week the pair hit month high due to the European Central Bank NOT changing the interest rates.
– The price is ranging since 2nd April falsely Breaking The major Resistance 1.09837, but the market structure seems to be Uptrend with support created by the 3 retests.
Conclusion: In my personal views if the price hits the Resistance it would break and retest leading its way to the BULLISH
-----------------
Disclaimer:Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.