Rebound is continue
The market is silent before the FOME's meeting and Powell's speech. The rebound is continue after the temperate correction, supported by the risk appetite of global market. However, it's suppressed by the strong resistance at 1.1345, the down tend from 1.1570 on daily chart. Currently, it's testing again. If it fails, a temperate correction is confirmed to come soon.The target should be seen to 1.1300, further decline should be seen to 1.1270, the 38.2% retracement of 1.1180 to 1.1420. On the upside, though, break of 1.1345 will turn focus back to 1.1370 and 1.1400 resistance next.
The target is 1.1270.
Turning point: 1.1345.
Under 1.1345, bearish , target price is set at 1.1300, then 1.1270.
Above 1.1345, bullish , target price is 1.1370,then 1.1400.
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Prior Strategy:
The target is 1.1270.
Turning point: 1.1345.
Under 1.1345, bearish , target price is set at 1.1300, then 1.1270.
Above 1.1345, bullish , target price is 1.1370,then 1.1400.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
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