These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
Pressure is still to the upside on this pair with buyers stepping in right out of the gate.
Key short-term resistance between 123.77 - 123.86 with stronger resistance just above that at 124.1 to keep buyers in check.
Only a sustained break above all three resistance figures will exposure further upside.
Very likely to see this upside pressure quickly matched with selling near the resistance areas, however with buyers in control buying opportunities are preferred.
First key support lies at 122.55.
Enjoy!
Good evening traders!
Pressure is still to the upside on this pair with buyers stepping in right out of the gate.
Key short-term resistance between 123.77 - 123.86 with stronger resistance just above that at 124.1 to keep buyers in check.
Only a sustained break above all three resistance figures will exposure further upside.
Very likely to see this upside pressure quickly matched with selling near the resistance areas, however with buyers in control buying opportunities are preferred.
First key support lies at 122.55.
Enjoy!
