Now, the 1.12 zone is a double bottom and a strong support zone. On the other side, the US-Index is reaching its strong resistance zone (97 and 97.5). So, I think the next move will be toward 1.14 resistance zone and now I suggest a buy setup for this most popular pair.
Kommentar:
Please consider the red-dash descending trend line:
Trade ist aktiv:
Very good, the upper descending trend line was broken and the new ascending trend is started.
Follow the green upward channel.
Follow the green upward channel.