Hello my fellow traders, hope you’ll make some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair had an amazing rally starting from 116.934. It’s now close to its resistance (Resistance D1). It will be interesting to see what the pair does after hitting the D1 resistance line. If it breaks it then it will go up till its first resistance then it will retest and move towards its second resistance. But if it fails to break the resistance (D1) then it will fall back to its support line. Wait for the confirmation.
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Ryan.R.Lopes
Ryan.R.Lopes, trader and analyst. Holds strength in Support and resistance, trade-line and breakouts. Having experience in FOREX, COMMODITIES and STOCK MARKET for more than 5 years and now Backed by a powerful team that has more than 10 years of experience.
