Weekly ; Formation of trendline that show demand. Waiting and preparing for the retracement of the last movement.
95.80 showed demand in the past and price was rejected at this zone strongly in the last 3 weeks. Giving us zones opportunities of where the price could start retracing.
Daily with the signs of buying interest, price failed to breaj 97.70 three times since 10th june . A break upside 97.70 would give us as next target 98.25. If buying interest become dominant we could expect a rise to 99.10
4 hrs; Waiting for price to find support around 96.75 - 96.90 and wait for a break upside 97.70 . If price start moving upside a retracement to 98.4 & 99.4 is highly possible to happen.
-> if price break under 96.70 & retest the zone, the next target would be 95.8 & from there support could be find and the retracement may begin.
95.80 showed demand in the past and price was rejected at this zone strongly in the last 3 weeks. Giving us zones opportunities of where the price could start retracing.
Daily with the signs of buying interest, price failed to breaj 97.70 three times since 10th june . A break upside 97.70 would give us as next target 98.25. If buying interest become dominant we could expect a rise to 99.10
4 hrs; Waiting for price to find support around 96.75 - 96.90 and wait for a break upside 97.70 . If price start moving upside a retracement to 98.4 & 99.4 is highly possible to happen.
-> if price break under 96.70 & retest the zone, the next target would be 95.8 & from there support could be find and the retracement may begin.