Market has been in a range for quite a while -
- Sellers were able to push prices downwards beyond the support and reached the 104.200 level, a retracement followed to the past support area & now resistance also is 61% area in the Fibonacci . Buyers tried to break that area but it holds strong and seems to be heading down again to the 104.200 support area.
Selling Area - below 105.500
Target - 104.48
Stop - 106.10
- Sellers were able to push prices downwards beyond the support and reached the 104.200 level, a retracement followed to the past support area & now resistance also is 61% area in the Fibonacci . Buyers tried to break that area but it holds strong and seems to be heading down again to the 104.200 support area.
Selling Area - below 105.500
Target - 104.48
Stop - 106.10