- There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
- A peak is formed in daily chart at 1.1070 on 01/29/2018, so more losses to support(s) 1.0745, 1.0610, 1.0495 and 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 36.
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.0825 to 1.0885), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (1.0825)
- Ending of entry zone (1.0885)
Click on the level to view price action history.