Last weekly candle closed as bullish pinbar. A quite strong candlestick reversal signal. Bullish engulfing is formed on Thursday 1 March 2018 then on Friday 2 March 2018, bullish candle break resistance 1.2667 and upper line of daily downtrend channel. On the early week, price maybe make a retrace down to 1.2667 price area before bounce back become bullish movement. Price maybe retest at least 1.2377 level. If price can break this level, it will continue move to next resistance.
Disclaimer : This analysis is based on technical analysis only.
Disclaimer : This analysis is based on technical analysis only.