The pair is trading @ 1.3925; yesterday after being up to 1.4000 it went down to 1.3800 and than up to 1.3840 area and up to 1.3900 area; right now it is trading in the upper bollinger band and looks bullish the 15 min chart; In the daily chart it crossed the 30 days exponential moving average at 1.3800 so if today it will go down with a lower minimum than yesterday we may see a violent bearish movement that may end at 1.3300 area; on the upside we have a psychological resistance at 1.4000 and than the last week high should serve as good resistance also; 1.3930 worked as resistance since yesterday so it is really important it doesn't break it; or if it will break it the pair may move up vs 1.4000 area; 1.3915 represent the 23% of Friday-Monday movement; next level is 1.3963 that represent the 38%;
here are some support and resistance:
R3 1.4308; R2 1.4108; R1 1.4017; S1 1.3817; S2 1.3708; S3 1.3508;
My trading plan:
I will sell 1x unit now @ 1.3918;
I will put an order to sell 1x more unit @ 1.3963;
stop loss @ 1.4025;
lock profit for 1x unit @ 1.3800;
with the second unit target to 1.3720-00 area;
have a good trading day;
:D
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