These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.
Good evening traders!
Holding the spike low at .6885 saw strong buyers step in as signaled in yesterday's short-term technical outlook.
With buyers in control buying opportunities are preferred, however the .6972 resistance figure still holds. A break above the figure is required to expose further upside, but at this point seems likely with ever dip being quickly bought up.
Focus remains on the upside for now.
I hope this offers some directional clarity on this pair.
Enjoy!
Good evening traders!
Holding the spike low at .6885 saw strong buyers step in as signaled in yesterday's short-term technical outlook.
With buyers in control buying opportunities are preferred, however the .6972 resistance figure still holds. A break above the figure is required to expose further upside, but at this point seems likely with ever dip being quickly bought up.
Focus remains on the upside for now.
I hope this offers some directional clarity on this pair.
Enjoy!
