Still within the falling wedge formed since 2008, the price bounced off the support, 500 pips below the parity 1/1.
Currently on the 1.05 zone, as long as this parity zone is not broken, we can expect a bullish continuation. Several areas are to be monitored, including points 0.5 and 0.61 of the fibonacci. Another element will be to be taken into account on this zone of 1.09 - 1.14, will the bearish trendline act as resistance once again ?
Otherwise, if the price sinks below the parity threshold, we could expect lows since the 2000s on the 0.85
Currently on the 1.05 zone, as long as this parity zone is not broken, we can expect a bullish continuation. Several areas are to be monitored, including points 0.5 and 0.61 of the fibonacci. Another element will be to be taken into account on this zone of 1.09 - 1.14, will the bearish trendline act as resistance once again ?
Otherwise, if the price sinks below the parity threshold, we could expect lows since the 2000s on the 0.85
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.