Since November 2017 the asset's price has been trading in a down trend, consolidating around 1.08800 levels where it found a great support that kept the price from making new lower low's.
Last week the price finally broke the resistance line which movement give us another sign of a possible trend change.
Righ now, the price is negotiating in a corrective process.
After the correction that much probably will take us to aprox. 1.09920 level I expect a bullish movement.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested
Last week the price finally broke the resistance line which movement give us another sign of a possible trend change.
Righ now, the price is negotiating in a corrective process.
After the correction that much probably will take us to aprox. 1.09920 level I expect a bullish movement.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested