Pair’s rebound from yesterday’s low of 1.1217 followed by a break above 1.13 handle has kept the hopes of a bullish break above 1.1357 (rising trend line + 23.6% of 1.0517-1.1616).
Such a move would trigger fresh buying and open doors for a test of another rising trend line hurdle seen around 1.1430.
On the other hand, another failure to get through 1.1357 could signal a fresh sell-off to 1.1196 levels.
Such a move would trigger fresh buying and open doors for a test of another rising trend line hurdle seen around 1.1430.
On the other hand, another failure to get through 1.1357 could signal a fresh sell-off to 1.1196 levels.
