The market is in a consolidation mode after bulls set a higher low. This can be a good thing and could continue short-term.
The Bollinger Bands are tightening and the RSI around the 50 mark could again see a better move after this is done. Watch 0.5230 for resistance while the last dip saw support around 0.4450. 0.4000/0.3800 is the key- support however. Above 0.5230 bulls should have a swing at the 0.6000 level.
The Bollinger Bands are tightening and the RSI around the 50 mark could again see a better move after this is done. Watch 0.5230 for resistance while the last dip saw support around 0.4450. 0.4000/0.3800 is the key- support however. Above 0.5230 bulls should have a swing at the 0.6000 level.