These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
This pair is sustaining upside, however it is certainly slowing.
The 85.75 resistance figure kept buyers in check and has brought in some selling interest. Only a sustained break above 85.75 will expose further upside.
84.87 acts as key support and a break level. A break below the figure will ease buying pressure and possibly put pressure back to the downside.
However that being said a dip buy near the key support figure is not out of the cards so don't jump the gun on the short side in the event of a swift dip.
I hope this offers some directional clarity on this pair. Enjoy!
Good evening traders!
This pair is sustaining upside, however it is certainly slowing.
The 85.75 resistance figure kept buyers in check and has brought in some selling interest. Only a sustained break above 85.75 will expose further upside.
84.87 acts as key support and a break level. A break below the figure will ease buying pressure and possibly put pressure back to the downside.
However that being said a dip buy near the key support figure is not out of the cards so don't jump the gun on the short side in the event of a swift dip.
I hope this offers some directional clarity on this pair. Enjoy!
