During last week, market went bearish, dropping to as low as 1.101.
Market was opened on Monday at 1.1068, it rises to its maximum price at 1.1125 on Mon, 11/06/2017 - 05:30, then it drops to its minimum price at 1.1010 on Wed, 11/08/2017 - 21:30 and finally it was closed on Friday at 1.1044.
- A peak is formed in daily chart at 1.1290 on Tue, 10/24/2017, so more loses to support(s) 1.0905, 1.1020, 1.0765 and to more depths is expected.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 48.
- Current short-term is uptrend and continuation of uptrend is expected.
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Supports and Resistances: