Potential breakout above the 1.28 to 1.30 immediate resistance zone is imminent according to the positive MACD histogram divergence pattern. Upside surge will probably move within the green channel and head towards the next resistance zone at 1.35 to 1.36 followed by a challenge of the dashed orange mid channel trendline.
Conversely, should there be any shocking news the breakdown below the 1.20 immediate support will retest the lower support of the blue channel. Support failure here will probably result in a downward fall toward the 1.13 to 1.12 support zone.
Posts
No comments:
Post a Comment