European Session
The pair has been recently under strong bearish pressures, as the sellers gained full control over the price since the 6th of July, 2015.
The latest bullish atttempts though seem to be considerably strong enough to lead the price this time to the upside, provided that there is sufficient break above the 187.94 level. In the scenario where an uptrend prevails, the take profit targets could be settled at 189.38 and 190.24 respectively.
Alternatively, in the event where the downside pressures resume, the sellers could force the price as low as 185.73.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
The pair has been recently under strong bearish pressures, as the sellers gained full control over the price since the 6th of July, 2015.
The latest bullish atttempts though seem to be considerably strong enough to lead the price this time to the upside, provided that there is sufficient break above the 187.94 level. In the scenario where an uptrend prevails, the take profit targets could be settled at 189.38 and 190.24 respectively.
Alternatively, in the event where the downside pressures resume, the sellers could force the price as low as 185.73.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.