Type
Bearish Bounce
Preference:
Price is approaching our pivot point and price is seeing support from an ascending support line. If price were to reverse, it could drop to 1st support at 1.3722
Alternative scenario:
If price were to break through, it could push up to 1st resistance at 1.3897
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.