Price has fallen to the 860 support and below the Weekly S2 at 790.
This level coincide with the lower band of a newly formed Pitchfork.
It has since bounced and is now trading above the horizontal support
at 860. A bullish engulfing has been formed which suggests further
gains. Resistance is at 945 and 1000 level.
Overall, the pair has fallen sharply the last couple of days which
normally is followed by a counter reaction which we may see the
first signs of now.
If you want to support this channel check out the
profile page at the top for details. Thanks.
This level coincide with the lower band of a newly formed Pitchfork.
It has since bounced and is now trading above the horizontal support
at 860. A bullish engulfing has been formed which suggests further
gains. Resistance is at 945 and 1000 level.
Overall, the pair has fallen sharply the last couple of days which
normally is followed by a counter reaction which we may see the
first signs of now.
If you want to support this channel check out the
profile page at the top for details. Thanks.
