The pair started the week on an up note, going to 135 and with options of seeking last week's high at 135.70, where the price built a strong resistance and 61.8% Fibo. At that level, the price could turn to seek support at the long termtrendline. Here, the current momentum has important similarities with the one from last week, but with a different detail: the support is now at 134.25 and could take the price to the mentioned resistance. Losing that level would take the pair to 134, where there is an important support.
Join the Discussion