During last week, market went bearish, dropping to as low as 1.0948.
Market was opened on Monday at 1.1063, it drops to its minimum price at 1.0948 on Wed, 11/29/2017 - 09:30 and forms a vale, then it rises to its maximum price at 1.1093 on Thu, 11/30/2017 - 02:30 and finally it was closed on Friday at 1.1033.
- A vale is formed in daily chart at 1.0950 on Wed, 11/29/2017, so more gains to resistance(s) 1.1135, 1.1200, 1.1280 and to more heights 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: