FreshForex - Analytics

    FreshForex

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    Level 120.39 is the limit

    Level 120.39 is the limit

     

     

    Daily chart: The upper line of channel (120.39) is the limit, from where we may expect a new decline towards 118.70

    Н4: Here is a local bullish pressure, so the price hitting 120.39 is quite real.

    Н1: a local string is being formed 119.81-120.08

    Expectations: pullback to 119.81 and hitting of the point 120.39, from where a new decline to 118.70 is starting.

    Trading decisions:

    1) Purchases from 119.81 to 120.39

    2) Sales from 120.39 to 118.70

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