The pair is trading @ 1.4156; during last session it went from 1.4306 area, to 1.4150 area; this morning it was a little bit down, but the gap was recovered in the last 30 min; it's interesting to notice that last Friday also the stock market was down, and the oil was down. looks like we are going to check the bottom again, or it is just a correction; the strong dollar may support a check for a new bottom. in the 4H chart the pair is trading below the EMA and it is in the lower bollinger band; the RSI is @ 39, and the stochastic is bearish;
here are some support and resistance:
R3 1.4516; R2 1.4360; R1 1.4360; S1 1.4102; S2 1.4048; S3 1.3892;
R3 1.4516; R2 1.4360; R1 1.4360; S1 1.4102; S2 1.4048; S3 1.3892;
my trading plan:
you may sell right now @ 1.4150;
stop loss 1.4220 (over the EMA)
target 1.4000 for the moment, or lower.
have a good trading day
:)
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