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Surprise the price of the pair trading at Friday's positive pressure strong is impulsively Stochastic towards the saturation level of purchase and forces him on stability above 118.73 is clearly drawing facility, which already supports the start of the formation of the price of a mile corrective upward to try so targeting the extended resistance around 120.50.
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It did not last the price of the pair to make a positive corrective trading due to face a new obstacle around 119.30 and forcing him on the back to form a new negative waves as clearly drawing the facility, as well as price stability without major resistance stable at 120.30 increases the negative pressure coming of trades and expect the arrival soon towards 116.85 and then 115.50 respectively.
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The price of the pair made negative close again below the level of 129.30, which recently form a strong barrier to the upside attempts, so we will stay on the likelihood of negative attempts for the next period until the arrival of the price for the first stationed targets at 116.90 and that breaching it would extend losses Price until arriving next support at 114.30.
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The price of the pair made strong negative attack in recent dealings to incur so big losses by reaching towards 109.50 and then to begin correcting the positive, trying to restore the broken test support at 115.10, the above supports the negative continuity for the coming period with caution given the wide trading range resulting from the decisions of the European vote.
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Made the pair price tendency to received either side during yesterday's trading to close it about 122.80 to keep it on the down stability in general due to the stability without the currently extended towards the 114.72 resistance, so it will remain negative weighting based for the next trading and await liberation price of the bottom investigator at 109.50 and then access the main goal at 105.81.
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The price of the pair did not succeed to provide any new negative attack since yesterday due to the lack of negative torque and settle it on the level of 113.00 is clearly drawing facility, in general, we will stay on the likelihood of a negative control in its stability below the resistance of at 114.65 for today and wait for his collection required for the moment to begin this investigation previously anticipated levels at 109.50 and down to the level of 105.80.Quote:
Originally Posted by TheFxTrader
From the shown H4 chart i think we have a great chance to start buying when the price go close to the support level @23.6% fibonacci , as it is expected that this level could push the price again into bullish direction so we can buy near this level with a small stop lose below it ,
Made the price of the pair negative trading repeated during yesterday's note registered to the level of 110.80 and offers this new negative closing below the initial barrier of about 112.30, so expect willingness price for the formation of a strong negative attack within the near future to be able to do so to reach around 109.50 and wait achievement to break this level to open the door in front of him to target the 105.85 level during the coming period.
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Update:Quote:
Originally Posted by TheFxTrader
Suffered pair price of slow trading yesterday to settle it on the level of 111.20 is clearly drawing facility and stay pending the renewal of formation for negative waves to support the arrival of the initial goal stationed at 109.50, we continue to recall the importance of the stability of the resistance of at 114.40 is currently supported by the negative proposed and to prevent the price from the formation of a mile bullish correction is expected.
Cross pair price for his lack of negative torque is formed by a positive prompt instantaneous to settle through which around 111.75, we recall the importance of the key resistance level of steadiness at 114.00 for today to emphasize the concentration of the price within the bearish level for the next period and wait assembled for the determination of new negative, which opens the way for him to achieve the first target at 109.50 down the level of 105.80.
Stochastic attempts to repeat the level of freedom from oversold, which may push the pair to form a positive bounce intraday and wait for introducing the negative torque of the new price to be able to reach the stated goals previously.
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