In the chart, it is clear to see the long periods where a trend has established itself. Trend looking good uptrend but $ under pressure last week due to geopolitical issue and trade war. This is characterized by periods of higher highs and higher lows (the upward sloping blue line). Price Holding Resistance level at the moment we expecting some correction downside coming week and if price break trend line then next support level 96.40.
http://prntscr.com/oumudr
Support Levels:
S-1 = 97.50
S-2= 96.65
Resistance Level:
R-1 =98
R-2 =98.90
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
http://prntscr.com/oumudr
Support Levels:
S-1 = 97.50
S-2= 96.65
Resistance Level:
R-1 =98
R-2 =98.90
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.