Our previous Key resistance that was needed for a breach too continuation of .89200 is now acting as a Key support as presented on the 1 hr chart.
While MACD/SIGNAL have made a cross on the 1 hr chart to set for a zero line cross, our two hear MACD/SIGNAL are making their initial cross for continued momentum. Our 1 hr RSI has made its breach deep out of the oversold zone with eyes on the overbought zone.
Our take profit is our clear first line of strong resistance at .90000 with a take profit 2 at .90500 pending a .90000 breach. Stop loss would be a clear breach and continuation of our current support.
Please comment with any thoughts and ideas. Thank you.
While MACD/SIGNAL have made a cross on the 1 hr chart to set for a zero line cross, our two hear MACD/SIGNAL are making their initial cross for continued momentum. Our 1 hr RSI has made its breach deep out of the oversold zone with eyes on the overbought zone.
Our take profit is our clear first line of strong resistance at .90000 with a take profit 2 at .90500 pending a .90000 breach. Stop loss would be a clear breach and continuation of our current support.
Please comment with any thoughts and ideas. Thank you.
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