- While the price is above the support 1.0495, beginning of uptrend is expected.
- We make sure when the resistance at 1.0825 breaks.
- If the support at 1.0495 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0660 to 1.0610), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (1.0660)
- Ending of entry zone (1.0610)
- A trough is formed in daily chart at 1.0660 on 03/07/2018, so more gains to resistance(s) 1.0825, 1.1000, 1.1135 and more heights is expected.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 49.