Waiting for a retracement higher towards the 1.53175 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.53780 level.
Support & Resistances 1.52790 1.53175 1.52213 1.53780 1.51227 1.54766
H4 CHART ( BEARISH )
A medium high probability, entry signal to go SHORT was given at 1.53151 after the market found resistance at 1.53804 . Only the upward break of 1.53804 would cancel the bearish scenario.
Support & Resistances 1.53120 1.53782 1.52821 1.54414 1.52255 1.54980
DAILY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances 1.52666 1.54016 1.50744 1.55924 1.47486 1.57096
WEEKLY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871