a summary of what isah post; from my point of view.
EU is a definite bull. in nearer term i would expect a bit of correction and by end of the week it will eventually go for the bull. looking at the calendar, thursday and friday would be crucial. as always, monday is full of false signal, and i would advise you guys to watch on the sideline.
i’ve extracted a few info and managed to draw some resistance and support line.
RC 1: 1.4751/52 – the current price need to break this line first. i can’t see it happens today nor tomorrow.
RC 2: 1.4967 – a possible 216pip is available here.
psycho level: 1.500 – are we going to see the psycho level broke? hope so, at least that’s what the big fish wants!
RC3: 1.5155 – the location of 1.618 Fib Ext.
or else;
SC1: 1.4577
SC2: 1.4310
SC3: 1.4281
this is due to the overbought condition on the daily TF.
Directional bias:
Nearer Term –Bullish
Short Term -Bullish
Medium Term –Bullish
Weekly Range:
High -1.4825
Low -1.4569
thank you isah!!
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